Potentially a nice 500 pip move to the downside. You may make a decision based on confirmation of the bearish engulfing candle on the 30min/15 mins. Use proper risk management in all trades good people!!
GJ has been respecting the trendline. Overall downward trend but in a current bullish pullback which has bee weakening. Once it hits the trendline I anticipate a return to trend and possible a drop to previous support line. If all goes well, a gain of a few hundred pips. Use normal protocols on entry ie observing shorter timeframes. Don't risk money you cant...
USCAD looking to set up for a nice short with multiple take profit positions.
Flag is being formed on the 4H. Trend is resuming after the brief shock of last week's NFP. Trend lines are pretty clear. Price action setting up for the sell. Observe carefully on the D and 4H, shorter timeframes before making a decision. High potential gains for this swing trade. Use your own confirmations and good risk management.
Currently in a trend channel. Looking for the bullish pattern to continue then test the bottom trend line for a potential scalp short. If it is rejected there then I expect a bullish reversal to the upside to continue upward trajectory and test the upper trend line. Not many pips to gain but still some potential.
GU is currently within a trend channel. Looking for it to maintain its present upward direction till it hits the upper resistance. Bearish reversal and potential swing trade if all goes well.
Price action and structure of the market is indicating a short. The pair has broken the trendline, its moving upwards to retest the high/ The recent bearish engulfing candlesticks brought down to test support causing a brief bullish reversal if its rejected by the upper trendline it will most probably drop to the support level and if it drops further it may test...