storng patterns bring strong moves,
Head And Shoulder bottom or fake one !?
The divergente RSI and the PRice movement, says enough,
here i share with to enjoy it together,
let me hear your opinion,
Hi, Guys What I am Seeing In This Pair is that it Will Pretty Nearly Go Down In The Next Week So Lets See And Be Ready!!
Location : CadJpy H1
BEst OF Luck
"Trade At your Own Risk"
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Clearly, the dollar is gaining against the Canadian dollar and long USDCAD is a bit crowded at the moment. Moreover, we have upcoming Canadian economic growth (GDP) coming out this week which is expected to be stronger than the previous period at 1.5 percent from 1.1. percent. That is still pretty weak though, it doesn't come out until Friday, and there is plenty...
I think that CADCHF gives a great sell opportunity next days as you see in the chart the pair is close to a weekly downtrend and the relative strength index is moving in downtrend. I predict it will down from here may be to 0.7400
We are more bearish on this pair now.
There is a potential Double Top Setup.
Let's see if it is able to break the neck line at
Here are 2 trading plans:
1. Short when the price break the neck line
powerfully or after breakout followed by pull back.
2. Wait the price correction to the next resistance
level at 1.319 level and short again.