FoxfieldsTrading

FoxfieldsTrading

Support 8650 from possible Double Bottom (with January Lows) has held now for 3 Weeks, trading in a 200-250pips Sideways Range. But comparing the actual Price Action to that in January (where price has rebounded bullish within 2 weeks) and a look at the last 2 Weekly Candles should worry all want-to-be Bulls.

FoxfieldsTrading

I think USD/CAD has seen its Top above 1.1250 and will be weaker for the near future.

FoxfieldsTrading

Looks like some sort of Bottoming Inverse Head & Shoulders Pattern, ready to break Neckline soon... Break -> Pullback -> Continuation?

FoxfieldsTrading

I think above 87.00 (Zone 87.00-88.00) the Dollar will run out of steam... If we get there quickly (parabolic move) then im willing to short

FoxfieldsTrading

What will happen next? Will EUR stabilise and rise up from the Triple Bottom, or will the Big Level of 1.4000 get broken? And if it breaks below 1.4000... will it be a quick, nasty sell-off - just to reverse within next 24 hours? (Im not going to trade this with real money or just with a very small lot size)

FoxfieldsTrading

Price is pretty wild going up & down around current Levels... maybe because of multiple Fib Levels there But possible it is forming at V-Shape Bottom, so im going Long at current Levels with good Risk/Reward Ratio

FoxfieldsTrading

I will go Short again if Price is rejected again at/around 110.00 Level... - if making Double Top with last High at 110.08 - or breaking above last High, but showing Rejection Candle such as Shooting Star (Pin Bar) or Bearish Engulfing

FoxfieldsTrading

Set and Forget Setup: Placing Sell Order at 1.4500 with Stop 100pips... Profit Targets +200pips and +300pips

FoxfieldsTrading

Im not a Fib Specialist, so this Analysis is more like a test for me... Im still holding 1/3 of my Short from 110.00 and will switch to Long Position in the area of 106.80-107.00

FoxfieldsTrading

Im already Short @110.00 If another attempt to trade above 110 fails, then a possible Double Top will give another opportunity to short.

FoxfieldsTrading

Looking for Sell Opportunity next Week...