Hello Traders, welcome to the Daily Forex technical analysis. Today is April 23rd, 2019 and we will be taking a look at the U.S. Dollar against the Canadian dollar. Looking at the 1 hour time frame we can see price action has retraced back around to the 1.33631 area. Price action coming back to these levels coincides with the 50% fib retracement level and seeing a...
Here i am seeing some strengthing of canadian dollar as it had broken out its previous support which now became resistance , it may or maybe not restest the newly became resistance but overall posibility is downward
The price has broken the support level of 146.600 signaling a possible downtrend. I upward pullback to take place soon, but I am not placing a buy order due to the pessimistic market of GBPJPY. I am focusing to short GBPJPY in the zone. Trade Safely!
we are seemingly in a wave 4 ,
you can see the bleu zone with represents the 50%to61.8% of the small subwave1 of the new trend ,
if we get a bullish candle stick signal in the bleu zone we will be long
STOP LOSS: 0.68301
I see this trade in Amateurs eyes for very risky short position. If you would like to get in, it's not smart because on the other side, we have buyers who are waiting for small sellers.
At this moment every amateur looks at M15 and think; ''Oh,this is range and we broke through. Now I can get into and earn some money''. It can go to 1:1 (sl/profit) from entry...