explains inside the chart nothing too complex CAD bulls are in the market taking this towards monthly support levels. wait on the market to come to you to place your entry
An Idea who know how long this will take given the new territory we are in
let us hope to see bearish pressure enter this market for some risk off movement
Brexit talks boosted the appetite of GBP currency allow support to hold to take this pair LONG
AFTER massive open we are looking for this pair to stay long for the rest of the month we opened in the buy zone so lets see how this plays out
We are currently at the monthly bearish level further rejection would indicate that the bears are in control (check your higher tf) We see a 1,2,3 has taken place this month at the bullish buy zone (monthly m2 and PP) however does this say the bulls are done ??? we do not know however we do see that a monthly target is above and this could give us a perfect pull...
SIMPLE 1.2.3 If this plays out then we will see this possibly come into form REMEMBER LEVELS DO NOT HAVE TO HIT EXACTLY SO PROPER RISK MANAGEMENT IS KEY On the topside, traders seem to be respecting the old trendline that connected highs from November 27 and December 3, then became a support on December 14. Today, in the Asian session, the price traded above...
USD tends to experience seasonality beginning of each year with nice bullish runs or rallies . Lets see if 2021 is any different