On the upside 618 opportunity that I will not take. Risk is 50/50 On the downside a nice trip down to 106.800 levels, if this happens I'll look to buy and look for the 618 again.
I am short on eurcad since yesterday, but the market shows less down movement than expected. I see a falling wedge forming or a bullish penant. If this goes on, I will stop my short with a small wins and watch eventually to go long. Let's see what the cad news will bring because eur news had no impact. Breaking to the down side is still possible.
RSI is oversold, but I'll be still on the look out next week before taking a position. Maybe some brexit aftershocks to come ? I don't trade news but some do and this brexit news is making the market unpredictable. Let's see what happens before entering long. TP and SL will be set later.
First i'm waiting to see where the market will stop it's run, then maybe looking for a short trade.
My trade is on the chart. Don't copy me, adapt or trade your own strats. Suggestions or remarks are welcome. This is a 50/50 risk/reward (not what I like to trade but ...) GL !
I want to see support breaking or see a clear reversal
Almost at the bottom. Expecting a reversal soon as well.
Let's see if this market is at the bottom. Looking for a reversal. Not sure yet if it will go to 618 retracement but anyway let's try and see. SL below the lowest low. GL !
Looks like we have some hidden bearish divergence here.
I see good support, a consolidation before breaking a small resistance zone with confluence (green box). Target 618 retracement. SL: at 83,21