After testing the lower bound of this descending triangle, AUDNZD appears to have made a jump lower. A pending sell order is set at 1.038 to catch this bearish breakout. This price point was selected in consideration for the 1.04 psychological support level. However, this is still a bit of a risky entry as the lower indicators are showing oversold values.
Recent...
Hello Traders!
Today FX:USDCAD is on my radar. Here is a very nice shorting opportunity.
At last the price has broken a big triangle, found support @1.3175 and forming a flag pattern, and this means that market is going to fall even more. We have 2 opportunity to go short:
1. Sell around the PRZ,
2. Wait for the market to break the flag and support, retest it...