A good leg down broke support so now in retracemnt this could set up a short back down into the weekly support channel before bouncing
2 month trend broken with a head and shoulders. Going long now at support. targeting close to 1.0950
Waiting for NFP but this looks like a set up I want in on.
I got involved in the long this morning with really good job report for CAD.
You think anyone sees this??? Textbook. Resistance hits right in the FIB ZONE.
Resistance goes way back on weekly chart. After weekend, I will look for trade. The Fibs correlation is nice.
Not my favorite but this set up is textbook. Keeping Ean eye on this next week.
I like this pattern when it shows up. A break of support and then a return into it. NZD rate tomorrow
I like how the FIB and support levels correlate. Posting to watch for next week.
So a chart I posted a couple days ago foretold this drop a bit. Now we are smacking support right before USD news. Tricky trade, but you could ride this up on retracement. .382 Fib is a good first target if it reverses today.
I'll take a bear flag or a flat out break of support.
Seems like a lot of these have been pulling up. I like the retracement into support the correlates with the fib. I'm looking for an entry of 15 min that makes sense.
A strong push below support sets up for another move down soon.
Taking now. stop below .66. - Going to try for a TP around .6783
Planning this one a bit ahead. Completed ugly H&S will be the trigger.