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Aussie/Canadian Movement IncomingI'm going to be looking for movement here in this region. 3 things could happen. 1.) Pair rebounds quickly without coming close to the resistance/trend-line, in which case I will skip this trade. 2.) Pair falls further into the resistance zone and bounces off of the trend-line. If confirmed, I will enter long. 3.) Pair falls into zone and breaks below trend-line. If confirmed, I will enter short - or look to see if a double top is forming, in which case I will hold off on the trade until that is confirmed.
by Apheleia
Triangle Break - Dow Jones Cash DailyYou can see a triangle formed on the uptrend from february, now broken. We also broke from an extended inside bar consolidation (yellow channel). If short from higher there's a good case to keep something on the table here. If not, a break of 18k should offer a pull back and retest as resistance. If that holds should be a good entry for the green levels marked. Alternatively, if we reverse and break up through the downslope from the ATH, reverse and look long for a test of the highs. Clearly US election news and so on could provide a catalyst in either direction. Should be some good moves but stay nimble.
TVC:DJIShort
by BobVanders