Let's take a look at oil
Weekly:
Neutral bias, Price met resistance zone but is at supp right now as you can see on the chart. Macd however does have crossover . Price need to break this zone before I can think of short. Kijun is around 38.55
Daily:
Price is in cloud. Below TS ,KS and 100 wma. At support. This is a chop chop zone with no clear direction at the moment. MACD is below 0.
So I wont be short here and not long either. Need more clarity before a potential trade set up arrives. It will clear up in coming days.
Same is story with usdcad. It is stuck in a triangle.Need more price action for now. Patience required. Trade setups will come!!!
Weekly:
Neutral bias, Price met resistance zone but is at supp right now as you can see on the chart. Macd however does have crossover . Price need to break this zone before I can think of short. Kijun is around 38.55
Daily:
Price is in cloud. Below TS ,KS and 100 wma. At support. This is a chop chop zone with no clear direction at the moment. MACD is below 0.
So I wont be short here and not long either. Need more clarity before a potential trade set up arrives. It will clear up in coming days.
Same is story with usdcad. It is stuck in a triangle.Need more price action for now. Patience required. Trade setups will come!!!