Major level of structure with a 1.27% Fib extension confluence. Clean Buys at this level
A break and close above 1.5700 should take us to 1.60s Let's see how price behaves on this level
The break and close above of this ascending triangle gives good opportunities for longs
Waiting for this set-up to play out. All the clues that we are headed to 0.8900 are lining-up The only job is to wait for confirmation (Breaking and closing above that minor resistance) Happy weekend.
Details on the Chart
There seems to be uncertainty between the buyers and sellers. Clean BUYS and SELLS are as shown on the chart.
A minor level of structure is reached. Buy or sell?
Some relief is expected at this level. Major Level of structure lose of momentum RSI Massively Over Sold (OS) Divergence
The CAD is not going to stop the bearish Momentum anytime this Year!
Using this Flag Pattern to continue with the strong bullish trend. Looking for targets at 84.00-levels Plan your trade, trade your plan.
The Price is falling like a waterfall. This is no surprise, Brexit news will keep hitting the headline until December 31st, 2020. Nonetheless, price is coming to a very important area from a technical analysis perspective. There are some confluences that can be used for a short-term buy opportunity: 1. A completed Cypher pattern on the Daily 2. Price is...
Different trading strategies work under different market conditions. (harmonic patterns work miracles in consolidating markets) Risk management should be always be a priority