FCX - Different perspectiveAs you can see , we need more price action to show us more clean direction.
EDGE
USDCAD 9 straight up daysI have a bar counter indicator I use and 8/9 bars is normally the max before some sort of change, if only for 1 bar. USDCAD now at that 9 bar level but we all know why. Also noticed the harmonic move at this level too. Might see 1.45 before any move the other way but it's worth keeping an eye on.
NZDUSD: The Great OpportunityI see a great opportunity to go short on FX:NZDUSD . We have a very nice triangle pattern with very interesting key confluences:
1. Price has tested the triangle resistance once more
2. Fibs 78.6-88.6 (little one)
3. Fibs 61.8 (big one)
4. Nice shooting star candle.
Our targets are:
1. Next triangle support level
2. Nearest structure support 0.6290
3. Fibs extension 1.272, which will be the completion of potential gartley pattern, and there we will have an opportunity to go long
Keep an eye on this pair!
Avto_T
Green Luck
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EUR/CAD In the edge of a decisionDays ago, it attempted to go down into the trend line but it failed to pass through a support line and created to what it looks like a double bottom.
After that, it broke the trend line, but it returned back to the trend making it a false alarm.
Right now, it is in a place where it can break down or up. If it goes down, it will try to test the double bottom to see if it goes further down. If it goes up, it will at least try to test the nearest resistance.
