Looking at lower tf we are starting to reverse the uptrend making ll's and lh's my bias is downside im on the lookout for sell setups im currently short but not by a large position just yet im looking to add when more setups form.
This is not financial advise, apply this with your own stragety.
I dont really have the energy to put full effort into these posts...
This can be a nice long i have went with a stop loss below the low around 1.77ish, Right now bullish momentum looks good lets see how this plays i will be holding for a long time. Targets can be anywhere from 7$-13$ I will be taking prfoits on the way up and trailing stops. This is just my own thoughts please use this with your own stragety :)
As of right now there is no buy setup but i can see there is a huge trade to the upside potentially coming i am going to post/update the idea when i see a setup ready to long as of right just wait but definitely have this on your radar.
Waiting for a reaction from golden box if we were to go lower Im not too sure on the structre and would be sitting on hands, if we get a bounce upside form here i will beging looking for opportunity to get long i belive huge upside could come, Technically this pair is bullish until impulse low is broken good luck.
Flat in the making for upside, on the lookout for opportunity to get involved with a long. As of right now MACD needs to flip + on alot of timeframes if we start flipping that will support my bias even further, targeting 80.00+ which is x3 of range
Just sharing my reading/direction of the market managing a trade is completely upto you and you should compare with your onw strategy. Daily macd is yet to flip + when it does ill be even more bullish.
Seeing a contracting Flat for G/CAD Im bullish. Couple scenarios could play out we dont have to come back down we can keep going up but i will be anticipating 1 final wave down in this correction (C leg) follow the arrows