hey guys,
very simple trading opportunity on euro dollar this morning.
we have an expanding wedge pattern, and the market has just reached its resistance line.
also, analyzing candlesticks we see a formation of dodji.
+ take into account that market is approaching a resistance line of a major channel!
good luck!
hey traders,
on euro cad the market is approaching a significant resistance level.
we see a very nice rejection candle, indicating a strong bearish pressure around this zone.
you plan for euro cad is to wait and sell bearish breakout of a bearish flag pattern.
good luck!
"Who is in control of price?"
i will ask myself this question to make sure i take the correct trades and think about the trade in more details...
what i see here according to price action its a nice bullish preceding trend that gets stuck on an area of resistance (which is full of sellers) and shows me this beautiful indecision candle or almost-dodji candlestick...
