So this pair is an overall downtrend and recently buyers come to the major resistance area from where sellers hit it hard. on this chart market print a wick which shows selling pressure and also trendline breakout shows selling. Looking forward to sell this pair.
This pair is in overall downtrend from long time.Now it is pulled back to major supply zone from where chances are bigger players may be back in the game. Entry exit didn't decide yet. Keep an eye on this pair Chances are Today in US session me get the sell trade in this pair.
This pair is in overall downtrend from long time.Now it is pulled back to major supply zone from where chances are bigger players may be back in the game. Entry exit didn't decide yet. Keep an eye on this pair Chances are Today in US session me get the sell trade in this pair.
AUDCAD IS IN STRONG SELLING FROM A LONG TIME AND IF WE CORRELATE THIS PAIR IT SHOWS AUD IS WEAK ACROSS THE BOARD AND CAD IS STRONG WHICH IS A GOOD SIGN TO GO FOR A SELL AND ALSO AUD LAST WEEK NEGATIVE FUNDAMENTAL REPORT AND CAD STRONG FUNDAMENTALS SHOWS THAT THIS PAIR IS GOING TO DOWNSIDE. WE HAVE COUPLE OF CLUES FOR A SELL.
BUT NOW 240 CHART SHOWS SOME WEAKNESS...
SO THIS PAIR IS IN OVERALL UPTREND AND NOW WE ARE APPROACHING THE STRONG SUPPORT AREA FROM THE LAST TIME BUYERS HIT FOR A BUY AND ALSO SELLERS SHOW SOME STRONG SIGNS TO DOWNSIDE WHICH TURNED THE MARKET INTO RANGE LOOKING FOR A BUY FROM THE BOTTOM OF THE RANGE.
ACTION-- SHORT
PRICE WILL TEST AT 8750 IF IT BREAK ABOVE THEN I CANCEL MY PENDING ORDER.
STRONG RESISTANCE AT 8750 HIGH CHANCES OF BREAKDOWN FOR THE TARGET OF 8570.
GOOD LUCK.
ACTION-- LONG AND SHORT
BOTH LONG AND SHORT OPPURTUNITIES
IF THE PRICE BREAK BELOW 0.87288 THEN SHORT FOR THE TARGET OF 0.84000
IF IT FAILS TO BREAK THEN LONG FOR THE TARGET OF 0.900000
GOOD LUCK.
