SHORT TRADE BASED ON CHANNEL AND B.BAND.just waiting for news to release after 1 hour.
ENTER WHEN PRICE BREAK DOWN OR BULLISH TREND (break is when candle close h4 or daily frame)
price fail to break fibo 38% and suppor level 1.1019 (close above). price also touch the low bollinger band.
IF PRICE SUCCESSFULLY BREAK ABOVE THIS TREND. I WILL GO LONG
TRADE IS SUPPORTED BY FIBO RETRACEMENT
this idea is supported by technical analyses and weakness data coming from Canada this week.
Wish you Solid Trading
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i'm long here because of pattern reversal and double top on h4 frame time. and targeting the daily resistance and fibo 50%
a retracement on eur/gbp to the downtrend.
THIS IS MY IDEA. TAKE IT ON YOUR OWN RISK. IT IS BASED ON TREND AND SUPPORT BREAK.
After data coming from Canada it appear to me clear that usdcad will probably (99%) break this trend to go to 1.10 and 1.14. well i'm long from the downtrend boundary.