Usdcad broke our daily ascending trendline, moved upwards to test on fibo 61.8 and rejected so for me is bearish and I’m shorting,is really good risk reward.
Daily candle is engulfing the previous one on daily timeframe.
USDCAD broke our major ascending trendline on daily bias, and in my opinion will stay bearish for a nest days, but I only trade with the information of the market, so right now is bullish on lower timeframes, so if usdcad break this minor ascending trendline I go short, if reject I go long,I will update you if I open any order.
I closed last short order of chfjpy,because now I’m waiting a retracement to 50% of the last movement or of any test of the trendline, if reject I’m gonna update you with a short entry,always be patient
EURCHF break descending trendline on 4h chart, and started creating a new ascending trendline that coincide with fibo 0.5 level of last movement and respected that one, with a good upward movement,so I’m long now.
EURUSD found descending trendline on weekly chart and rejected, price broken ascending trendline on 4h chart and previous daily candle closed as Bearish engulfing,So now price is oversold, I’m gonna wait for a pullback to get a short entry.