The Daily has created lower lows however price action doesn’t suggest the bears would like to push price lower quite yet. With the 4H consolidating over a major zone I believe a breakout will confirm an intermediate Long opportunity.
USD/CAD has developed a nice bearish momentum after breaking the 4h timeframe trendline (around 1.30000). We are also in a descending channel on daily timeframe so the overall bias on the Loonie is bearish. The price has made a huge drop all the way to the 1.2920 area where it has found support. With the move to the downside yestersterday we have also broken the...
After a big decline for the sterling price made a nice bullish retracement to the upside giving us potential short trades, but couldn't follow thorugh, looks like the bullish momentum will prevail the fall. Our buy zone is set in the 1.3135-1.3170 area for the profit targets up to 1.3260!
GBP/USD has been taken over by the bulls after days and days of falling. We are now in momentum with potential to reach 1.3000 resistance. Today Sterling has been falling from the first hour and we belive it's pullback before continuing to the upside, buying off the Fibonaci retracement line 38.2% which is 1.2860 area. We have to be careful about brexit news and...
1HR crab pattern has been presented on 1HR chart.if support at "D" holds I have put 3 possible target areas. Will be shooting for TP1 and is broken will move stop loss in profit and go for the stretch of TP2 or TP3. Will be posting Ideas every week from now on, lets catch some pips!!!!
Water is the new oil. Love the way this is shaping up. I have been long in this since last year.. Fundamentals look great.. Climate change.. Good financials.. Population growth.. Need for clean water.. Only 1 to 2 percent of all our water is usable technically.. Need to recycle other sources.. This is a market that is going to explode. The china desalination plant...