SmileFXTraders

SmileFXTraders

Price is currently in a demand zone which lies at exactly a retest level to a 2021 trendline which got broken a few days ago and has come back for a retest. We have FOMC today and NFP on Friday. I believe these events will be what decides where price will head. If price gets back below that trendline, it will mean the previous breakout was a fakeout and this may...

SmileFXTraders Updated 

I have never traded on this pattern. Learnt it just a few days ago. It pretty much looks like its the one forming here. We'll see how it unfolds. Kindly advise if you are familiar with it. Thank you.

SmileFXTraders Updated 

As price broke the bottom of the wedge, it quickly returned back up. This entails a false break and price may rally to break the top of the wedge