Decision to sell BTCUSD based on analysis :
- Break out parabola line > In the past in 2013 and 2018, the price of BTC after break out parabola then going down is a strong drop. According to statistics each time, the price of BTC will lose about 84% of the value of the highest price set nearby. If anyone needs data about the above information, please comment...
Decided to sell USDCAD based on the analysis:
- Exit the line supporting the uptrend on the D1 time frame
- If today's candle is closed with a Shooting Star Candlestick, the probability of success of this signal will be higher. This is a resistance zone and Shooting Star Candlestick appears and this shows that the selling side has prevailed over the buying side
On time frame D1, we see a Double Bottom model and as we know it will create momentum for the bullrun wave. But overall, NZDUSD is still in the main downtrend channel so I don't think it will create momentum for the price increase.
On the H1 time frame, the uptrend has been broken, the price has retested the resistance but failed to pass and started to decline...
EURNZD tried to push prices to keep up the uptrend but ended the week below the trend line above D1. So it is likely that the uptrend has been broken.
SL: 1.72060 ( 2% Capital )