hey guys, here is the big opportunities to win the trade. The price is approach the major support level (you can refer to daily time frame). Nevertheless, we can find the divergence on the RSI. If any evidence show the price may likely to reverse at this major market structure level, then i will open a long position.
How about your idea? please comment below :)
The price breakthrough the resistant level and retrace the level currently. For the dairy time frame,it may built a engulfing bullish pattern. Hence, we can wait and see the next candle to determine whether enter into a long position
The USD/CAD pair had been forming the asymmetrical triangle completely. The price breakout the support line as well as the price pattern currently, and the volume shows a flatter volume which means the market is ready do bearish! This is the opportunities to short.
The price break the support lines few day ago so the uptrend in 4h time frame may turn into the downtrend as you see on my chart. Then, the price also reject by previous Resistant line. Hence, I will expect the price retest the resistant before it bearish. Just wait to the next movement before you open a short position.
At the 4 hours time frame, the price form a descending triangle pattern and ready to break through, and the price is under the 20 EMA. If the price are able to break the support line, then i will recommend to short and target the profit at next support level. Pls wait until the price break the pattern.
The price is support by EMA 20, and market is reject the price to lower. The price is trying to break the resistant and the MACD shows the strong buying power. Hence, i expect the price will break the resistant line and goes higher
