We took some profit off the table from yesterday trade. Looking to go short at key levels around 1.0655 and 1.0700 today
Trend line resistance based on daily chart have been respected so far, price seems to be holding now. There is potential to short at the top of this ED channel, a bearish shark pattern has also been sighted. RSI is now at overbought level. Why one might not short : - Bullish engulfing candle - EMAs crossing, diverging - Events happening tomorrow morning in...
3 confluences at 1.0595 - a Shark pattern completion, an AB=CD move, and a 1.618 fib extension!
Hey guys, am watching CADCHF closely for the next few hours. I see a bearish shark completing at the extreme of a daily down-sloping ED channel. This is a perfect setup for me. Next, I will monitor some form of RSI divergence upon retest/rejection of 0.7570-0.76 before executing my short. Trade will be invalidated if price just break above this zone...
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Its really harmonic... We will see...
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