The price has been trapped within this range since December last year. This last week, the price gave a fake break out of the resistance, then closed the week back within the range (forming a weekly pinbar). Within this upcoming week I can expect to see the price drop further down to the support once again around 166.305. Before I take entry on this pair, I'll...
Sugar No11 has stalled its uptrend over the last 6 weeks and formed a range bound market between 15.00 and 14.00.
The main fundamental reasons for this are the late subsidy announcements from India as they are currently subject to a WTO ruling which started November last year.
"Meanwhile, sugar mills in India have held back exports as they...
I am waiting to short CADJPY, a retracement to the sell zone or at least at the previous consolidation area 79.70 will be an ideal level for me to engage the trade.
Sometimes analysis is that straight forward and you just have to wait for confirmation and engage the trade from there.
It's no surprise, GbpUsd could not break the Resistance/Support made from December to March's previous price action encounter.
Now we have an epic failed upside breakout and the pair has already broken the previous lows of last week and has already retested that area.
We are now waiting to see if price can successfully break the trendline and continue towards...
The market is in a range bound in D1 chart if this rectangle break at any side market will move on that way. TRendline break at D1 but still candles are closing in a range and not making at high or low above the mother candle.
In euraud we have proper channel and the market is in channel if the market will move under the channel range. If channel break at upward or downside so we can enter in euraud trade with proper confirmation that will be any candlestick or breakout pattern. Until we have to wait for the right time to do trade in this pair.