i do not know if this is a head and shoulders? today is nfp day, this is liable to go crazy. but according to TA, in my eyes, this is a head and shoulders. let's see if i'm correct or not.
......not in a rush to be trading usd pairs as nfp is today!
i waited until the hourly candle closed because i don't way the way it is closing! this pair LOOKS to be consolidating! i can see nu touching .621 and maybe under, to go and look for support! i believe it will, but for now we must get there, and i believe that's where NU is going! My money is on the short side!
How many times is eu going to dip below 1.04 and bounce? Recently the daily candles refuses to close below there and maybe it's a sign that the euro has another chance to rise. if not then we will be breaking multi year lows and the bearish trend may have no end in sight. Until a daily closes below 1.04, i expect the uro to keep fight. So, my money's on the long...
EurCad has been in consolidation since dropping to level of 1.377. Going as low as 1.339 but not being able to break above the 1.377 level, rejecting it every time. Seeing a downtrend forming on the lower time frames, & multiple rejections on Higher timeframes, such as the daily. This pair has een in a downtrend since Dec 2020, who's to say it stops now. My...
