You can open e sell entry from there... I am waiting for a confirmation to sell, that's why I trade "sell Limit" Good luck
The Pound has been showing a lot of weakness last week, I still seeing the pound being appreciated this week as well, breaking important levels of support leads me to believe price will continue.
With USOIL showing big signs of a Seller Market Technical wise, Oil is a major part of Canada's Economy. I want to see price break its recent support and begin looking for an entry after breaking below the Major Swap Level.
Market break the range in downside between two blue line.... Now i expect that market will go down trend..... There is 2 TP lebel.... After reaching the TP—>1 close half of your lot size... and move SL to the entry lebel... And wait for reaching TP —->2
NZDUSD has been oversold last week as a result of the Disappointing employment data weighs on the NZD last Wednesday and AUD new release. The pair will probably continue its bearish movement to lower lows near the 0.67 blue area and the 0.6650 . Also this pair is trading below the 0.50 fib so we can expect no retracement for the next week if it breaks also the...
Hi Traders, GBPCAD is ranging and struggeling since weeks and now at upper line of the range. This give us a good opportunity to go short with a good riskmanagement for this trade. Let see how it palys out. Have a good trading week.
Short On GBPCAD based on several reasons #1: Test of Resistance TL #2: Double Top Pattern #3: Test of Broken neckline of Double Top pattern #4: H4 Engulfing Price action candle pattern confirmation
Watch break out for sell setup. Price is in middle of nowhere, if you are trading yen pairs, perhaps consider this one ) It is my trading experience, not a trade call or signal. Good luck & trade with care!
Double re-test of the 50% fib with failed breaks and an exhausted wick on Friday's candle suggest downside potential and a test of the next weekly support (blue line). Price action can either head down for a test or correct back towards 1.13 before correcting downwards.