Hey guys, EURCAD has been on the rise today, and is approaching an important area on my chart. If the trendline is broken, there is lots of upside potential, with 1.530 being the next key resistance. However, we are still bearish on the daily timeframe, and we could see a push back down to 1.5000
The weekly long term trendline on this pair has been broken and a potential long opportunity is setting up. I am currently waiting for the channel that is forming on the 4 hour chart to break and retest the 50 EMA on 4 hr chart. Stay tuned for any updates! However i will only take this trade when i exit my other active USD position. I do not want to risk my...
AUDUSD POTENTIAL SHORTS? Break of ascending trend line could see shorts on the pair Will update with more detail as the week goes on
GBPAUD SHORT term(if the trendline break) Wait good breakout confirmation before short
Waiting for daily candle to close above TL and price to retest to enter long.
the pair has retraced back up to resistance, looking for confirmations for shorts
Price formed inverted H&S red trendline has been rejected a few times break of it is a good indicator of upwards movement retest may happen, thats the safest way to enter
Bears remain in control, a correction is possible and then bearish continuation