Nice false breakout of the inside bar pattern in line with the daily, weekly and monthly bearish trend. Entered at the close of the 4/4 candle. SL is just above the high of the false break, and and looking to take a 4:1 profit on this trade.
POSSIBLE SHORT ON THE DAILY TIMEFRAME WITH THE NZDCAD PAIR, THE PAIR HAS REACHED A PREVIOUS SUPPORT AND RESISTANCE LEVEL THAT NOW IS ACTING AS RESISTANCE, THIS MIGHT CREATE A MOVE TO THE DOWNSIDE REACHING THE B POINT OF A POSSIBLE ABCD PATTERN AT 0.8750 OR THE D LEVEL AT THE 0.8400 PRICE LINE. IF YOU ARE INTERESTED IN MORE SETUPS OR A FREE ONE-ONE MENTORING,...
DXY Dollar Index - false breakout ???
Hi Traders, We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already. All I need now to give me more conviction is the trend line on RSI to break. Thanks! Thiago...