Look to buy on a 1hr candle break and retest of 161.35 levels. If it fails to break 161.35 levels you can be almost assured sellers will take it down to 159.70 levels...
Just places my orders for this cypher pattern in the USDCAD. This pair has been in a short term uptrend so we can definitely see another rally here. This setup contains two fibonacci based target points and a stop loss below X. Let's see what happens! Good luck trading everyone and make sure to follow us for more ideas.
Possible short on the EURUSD for about 20 pips. It is in a minor trend north but is currently tapping resistance level 1.1194 in a recently formed channel.
MA's confirming downtrend, waiting for the 50MA to cross the 200MA to confirm position. Low volatility and indecision in the market waiting for direction to be decided.
If the price breaksout of the bullish channel with an area of consolidation or a pullback to the previous SR zones for a last kiss we can expect a sell. If not, the price could continue to make higher highers and get rejected at the trendline. Divergence can be seen on the MACD 4C confirming the halting trend.
i have been looking on this pair for quite a long time , i keep waiting the price break the trend line support ,as you can see the price has been supported 3 times(blue rectangle) before, and now the support has broken ,as you can see the red rectangle ,and all of these conclusion support me to short this pair
The volume of this pair has drastically reduced as it forms into a wedge. Waiting for a breakout. If it breaks upwards, watch out for the fakeout as the pair seems to be overpriced.
DailyFX.com - Highlight Points: - Even more Fed-speak indicating hawkishness has continued the drive higher in the Dow Jones FXCM Dollar Index, and this has brought to question two previously strong trends in EUR/USD, but this strength hasn’t necessarily been even-handed: While EUR/USD appears to be on the cusp of establishing a new down-trend as major,...
Sell Setup NZDUSD when price correction to trendline breakout before. FX:NZDUSD
Fundamentals: CGI is an IT company based in Canada that delivers end-to-end IT outsourcing services for communications, financial, government, health and other industries. Seems like very stable company from funadamental point of view: large capitalization, not overvalued, debt to equity is okay and short float is low (a little people betting on short side). But...