S&H followed by a big BANG! Or Double Bottom & BANG!
Everyone would have picked up on this now - so I'll keep it short.
If H&S - enter @ MA200 point for a short to retest trend line where it will bounce and fly
Due to recent CAD news and oil price and options ( find out yourself ) - double bottom likely. In this instance, it will break MA200 and retest on resistance support @ 1.328xx area and fly!!
Good luck!
--Trade your plan and within you limits--
If H&S - enter @ MA200 point for a short to retest trend line where it will bounce and fly
Due to recent CAD news and oil price and options ( find out yourself ) - double bottom likely. In this instance, it will break MA200 and retest on resistance support @ 1.328xx area and fly!!
Good luck!
--Trade your plan and within you limits--
Comment:
Expecting price action to come down a little towards trend line before moving up
Comment:
bounced off shorter time frame fibs and recent resistance / support @ last test of of trend line. Good scalp until most recent high @ 1.31870
Comment:
push up to resistance ( red line) 'should' happen today. added last long @ 1.302xx
