I'm looking forward to taking orders come this week
Price resting on a 50%, 61.8% Fib zone and this is an area that i've been looking forward to look for bullish patterns and formations...
The zone was broken and we see the market rallying to the upside and then mow back in the same zone however now we consider a resistance that has been turned support and that being said and done we are have 65% probability of the market making another move to the upside.
Given a situation that the pound Canadian breaks and rallies down we will NOT engage in a SELL however we will focus on taking BUY order from the previous initial support marking the deeps of the year. We expecting that the market closes above the zone and we engage on a trade to the upside direction and all goes well with the bulls we expect a breakout of the resistance zone
Price resting on a 50%, 61.8% Fib zone and this is an area that i've been looking forward to look for bullish patterns and formations...
The zone was broken and we see the market rallying to the upside and then mow back in the same zone however now we consider a resistance that has been turned support and that being said and done we are have 65% probability of the market making another move to the upside.
Given a situation that the pound Canadian breaks and rallies down we will NOT engage in a SELL however we will focus on taking BUY order from the previous initial support marking the deeps of the year. We expecting that the market closes above the zone and we engage on a trade to the upside direction and all goes well with the bulls we expect a breakout of the resistance zone
Trade closed: target reached