Hello traders,
Descending Broadening Wedge yet to break the trend resistance and ready to fly away. The pair might find it hard to justify its strength unless clearing the resistance confluence @ 1.7165. On a daily basis, the descending trend has a clear way to break the resistance. The Breakout should highlight bull's area, the 1.7280 and the 1.7285 are the...
Hello traders,
The inability of the pullback from the 1.31993, the pair trying to re-set the quote of 1.3040 but the sharp wedge keeping the price range in Downtrend. On a daily basis, the breaking through of 1.3000 and the 1.2960 are the confirmation checkpoints for the further downmove. In spite of the CAD refrain to respect to the mark 1.2925, the quote could...
Hello traders,
SELL PLAN FOR EURUSD@CORRECTION: The pair is open for real quick short.
In a 4hr time scale, the chart printing signals at the price range of 1.16791.
At 1.15404, the market got a deviation from previous trend behaviour and pulled the price range in continues lower and high structure (shown in the graph).
ADD-ON: This kind of structure formation...
