USDCAD POTENTIAL LONGS (AGAINST TREND BUT WORTH IT)USDCAD -61.8% EXTENSION FULFILLED REACHING THE WEEKLY LOW
FALLING WEDGE ON THE 1 HOUR AND 2 HOUR CHART INDICATES A BULLISH REVERSAL COMING SOON
SEVERE 1 HOUR AND 2 HOUR MACD DIVERGENCE
ENTRY NOW OR UPON A BREAK OF THE TL OF THE WEDGE TO GO LONG ALL THE WAY TO 1.31500
MASSIVE RISK/REWARD HERE
WORTH THE RISK AGAINST THE TREND
This
EURUSD POTENTIAL UPSIDE TARGETSLooking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe. As always keep it simple, but always look deeper at price action and not indicators which are not reliable. Threw the RSI for shits and giggles. ;)
Watch this Level: AUDNZD Daily #forexWatching this key support just above 1.1000 handle. A neckline for a potential double top pattern. Looking for confirmation to long near that support. If it fails, and price breaks lower i would look for a short. So we can trade this on both sides. Lets see if we get the confirmation soon. Will be updating if a trade setup present itself..
My best regards
Technician
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