EU chart is in a triangle on 15mins chart but still posting higher lows. However, there is a potential trade for short on the breakout pullback and short entry. If there is a breakout to 1.1136 level an dthen a pullback to 1.1147 level then shorting with atarget os 1.1115 can be a good trade. SL
The USD is finally starting to show its strength for this week, and should continue to force this GBPUSD to go down. This pair dropped quite a bit below the emas even though they haven't crossed yet. This is doing what the AUDCAD did about a week ago. This pair should roll back up to catch its breath, and then drop. I expect it to run up to 1.4605, and then drop.
Now that we've closed the New York session by putting in a LLLC below the 128.30's level, I'm now predicting to see a bearish continuation here on Canada. When will it happen? How will it happen? Who knows, that's the markets decision. All i can do is use my skills of technical analysis to try and make the best prediction that I can.
After being broken, previous...
I want to start things off by saying I don't expect to see much action at all in the markets today ahead of this afternoons FOMC statement. However, I did want to follow up on the USDCAD idea that I shared with you yesterday.
After creating a NSL we are now retracing back into previous structure. I often explain to the traders I work with that I'm not a...
ONLY SELL IF NEXT TRADING DAY DROPS. This is a great decent area to see the market drop.
1) Bear Pullback to 61.8 Fib.
2) Lower swing low
3) Lowering volume on rise
This is a stock the recently had a nice run higher and has since pullback, just like it's supposed to do. Now that it's in a buy zone for a bull pullback and we have an inverted hammer reversal candle I am looking to go long on a move above $4.
This company is fundamentally weak and has formed a nice Bear Pullback at resistance.
See Bear Pullback example here: www.freeonlinetradingeducation.com
