Hello Traders, Here we have a valid bearish crab pattern potentially forming on FX:USDCAD daily time frame. Just by reading price action, we see this market is in strong bullish trend. Keep in mind that there are still no signs of this pair slowing down just yet. Since the pattern is on the daily time frame the stop loss will not be suitable for every one,...
SELL SAIGNAL FOR LONG TERM . POTENTIAL RETURN TO 1/15 TARGET PATTERN DOUBLE TOP TARGET RECTANGLE OR SUPPORT ZONE CLASH TO LINE OF UP TREND IN LONG TIME Please note TO NEXT analysis. MORE DETAILS TO CHART THANKS
Several conclusions can be drawn from this DAILY chart of the SPY. Even more questions will no doubt come to mind as a result of those conclusions. If you thought you might find the answer to the above question you can stop reading now. The easy answer to the question is not in here. I surely can't foretell the future. Honestly, you wont get the answer...