FIB RETRACEMENT + RESISTANCE + DAILY BEARISH SHOOTING STAR = GOOD TRADE
TECHNICAL ANALYSIS: TRENDLINE RESISTANCE ON THE DAILY BROKEN AND NOW HEADED FOR THE REVERSAL TOWARDS THE NEXT MAJOR SUPPORT LEVEL.
AUDNZD 4h bearish shooting star closed. this confirms movement towards the downside to retest monthly support. And that's how you Snipe Pips :')
based on monthly, weekly, daily resistance levels I was able to spot that USDCAD has respected one of these resistance levels and has been moving towards the next support level @1.33443 with proper risk management there should be no reason why this trade is for you.
USDCAD is vastly approaching weekly resistance level. On Friday the 23rd of December, USDCAD tested the weekly resistance and failed to pull through. Opening of the market the trend is beginning to reverse down to the support level. a confirmation will set when the 4 hour MACD begins bearish. risk/reward are shown in the analysis. trade safely and use proper risk...
The AUDJPY has proven to bounce down from monthly resistance shown in red. As we look to enter the trade we see bearish movement to the monthly support zone shown in dark green. AUDJPY has a respected the support zone show in light green. for a strong bearish market your stop loss should be fairly close 400 pips max. flag indicates an area where we want to TP and...