The pair is in a massive downtrend, currently with a pull back to the resistance zone.
Market structure: Downtrend
Area of interest : resistance level
Entry trigger: good pin bar formed at the resistance
target: two possible target around the next supports
Exit: exit the trade if any candle closes above the daily pin bar in the resistance zone.
the pair got rejected from the daily support zone by forming a descent pin bar. More of bulls movement expected in coming days. place a buy stop oder couple of pips above the pin bar.
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the pair recently y made aggressive move to the top, got rejected from the daily resistance zone with a nice pin bar.
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the holy oil just breaks below the support zone and now in contention to retest the zone back. if this happened, there might be more sell pressure on the resistance zone. following price action, a descent sell entry will be to wait for reversal candles to form on the resistance zone before taking the trade.
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DXY trading around a very weak resistance. a possible breakout is expected in coming hrs. when breaks out successfully, we wait for a retest with a rejection to go long.
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the USDCAD pair is currently forming a possible buy opportunity. the pair breaks out from the resistance zone and currently trading down to retest the area which now turns to support. possible long bias will be valid when bullish reversal candles are spotted. put it in your watch list and smash the pair when needed.
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the WTI is in a DESCENT downtrend following the 8,13, and 21EMA. in other to enter the trend through one of the pull backs, we need to wait for what we called the area of value. in this case, the area of value is the recent resistance level. currently the pair is in the area of value and a bearish engulfing pattern have been formed. this means the pair is given us...