Hey everyone. In this chart we can see potential movement down and also we can see that RSI almost oversold. And it is so close to the key level.
Our plan is :
Sell limit - 0.67941
TAKE PROFIT - 0.67763
STOP LOSS - 0.68008
Hi All ,
This pair , present itself for a sell scenario , over the past week , there haven't been enough volume to move price slower , & oil price has been playing is part on this pair .
Techinically i would wait for an entry at 1.34-5 region , but i'm taking a more aggressive entry on this pair due to FED meetings & note .
The selling pressure on this pair , is still active . With my technical perspective this pair still has more room to the downside . The risk to reward meets my strategy , so i'm opening a sell . Trade duration 4-6weeks .
Any questions let me know .
Hey everyone. Today I analysed EURCAD and we can see potential head and shoulder and we have really good risk/profit reward. Also we can see RSI divergence and it proves us the potential movement down
Our plan is:
SELL LIMIT - 1.47534
STOP LOSS - 1.47701
TAKE PROFIT - 1.47193
W1 - Price is at the middle of the channel.
H4 - Price is moving inside a triangle pattern.
If the price moves lower and breaks below the bottom of this pattern, we may then start looking for sells with more bearish evidences.
D1 - Price has created lower lows currently it looks like a flat correction is happening.
H4 - Price is moving inside a bearish flag pattern.
H1 - Price is moving inside a small range, price has reached a critical zone formed by the top of the H1 range, H4 bearish flag and the fibo levels of the cycles we have and is currently moving lower.
Until the price...
GBPUSD failed to break the descending trend line and broke the ascending trend line which supports the bearish scenario targeting 1.20 then 1.19 in the coming days
stop loss should be placed at 1.22
Selling USDCAD from this area as double top forming and 1st peak retested a long term channel zone. 1st target is conservative and will be looking to keep entering sells with relevant entries past the target.