Searching for quick or long-term trades right now?

Both approach, I obtained you coated with Ether (ETH/USD) testing a variety resistance and AUD/CAD flirting with a draw back breakout.

Which of those setups will you extra doubtless commerce?

Ether (ETH/USD) 1-Hour Chart by TradingView

Ether has been ranging between $1,720 and $1,840 for nearly two weeks now, and it seems just like the ball is on the bears’ courtroom!

That’s, ETH/USD is nearly on the prime quality and the latest candlesticks are suggesting that the pair will quickly retest the resistance zone.

Suppose ETH/USD will stick with its vary? Bears who’re betting on one other rejection on the degree can goal for the mid-range ranges close to $1,775.

In the event you suppose that we’ll see an upside breakout earlier than the weekend, although, then you possibly can make the most of the present pullback and begin scaling in till you do see a breakout.

Good luck and good buying and selling this one!

AUD/CAD Every day Foreign exchange Chart by TradingView

If comdoll buying and selling is extra your factor, you then’ll wish to know that AUD/CAD is sporting a potential Head and Shoulders sample on the each day timeframe.

Earlier than you quick the Aussie like there’s no tomorrow, nonetheless, you must also notice that AUD/CAD’s “neckline” is uncomfortably near the 200 SMA and a key resistance space from June and August.

In reality, with Stochastic nearing the “oversold” space, we might additionally see a bounce from AUD/CAD’s present ranges.

Look out for bullish momentum that might bump AUD/CAD again to its .9150 or .9215 earlier inflection factors.

If AUD/CAD’s chart begins to look draw back breakout-y, although, you then must also be able to commerce a breakout that might drag the pair to the .8975 or .8850 areas of curiosity.