That's because I didn't understand how crazy these markets move and poor risk management. LESSON LEARNT
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
USOIL IDEA
- Price has rejected key level resistance touch and well respected
- Following bearish channel
- I have looked at all major positions of USOIL price in history and cannot see any...
ENTER AT OWN RISK, MUST TAKE RISK MANAGEMENT PRECAUTIONS
EURCAD IDEA
- Broke through previous support
- Price consolidation between .786 and rejected below golden zone
- Price now in bearish momentum
- Rebounding from major price resistance in previous week which begins bearish momentum
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This is an exploration of the weekly time frame. I expect (not predict) more eventual downside for the EURO, at a rate faster than any devaluation of USD.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
whats next for this pair ? looking very interesting as we are at a daily double top area now do you think this is going higher or lower ? would love to know you thoughts !
