After the 0.168 FIB retrace, EURUSD will keep its bearish trend and test the previous support, we expect it to drop continually to the next support.
A first trade of this year, high volume bearish candle plus the trendline has been broken, a good sign of sell momentum.
EURCAD now is very weak, it broke the major trendline and became a bearish trend, now it broke the small trendline as well, we expect a huge drop today.
We took another sell with the same idea as my previous post, trade with your own risk.
A small trade before today’s EUR PMI news, manage your profits before the news comes. We got a nice 4hr pin bar and 0.5 FIB retrace, with the major resistance, the trend has a high chance to reverse.
The news dragged it to the new high but got rejection instantly, the 4hr pin bar could show the momentum for sellers. The end of the year is very volatile, manage your orders tight and trade your own risk. You can see my previous trade CADJPY was in a huge profit then got stopped out instantly, luckily I moved my SL to the breakeven earlier so didn’t effect by it.
3 bottom formation with the major support level, it re-tested the trendline and broke it again, a high chance to reach the previous high.
The selling pressure pushed it to break the 15m trendline and neckline, with the previous clean bullish candle, it will probably retrace to the previous support and finish its wave.
The rejection of the 4hr pin bar pushed it to test the trendline again, it has a high chance to break the trendline and all the way down to the next support.
A great H&S pattern with a previous clean candle shows a bullish momentum to buy.
Broke the previous trendline and formed the 3rd wave, it has a high chance to form a double bottom before reverses.
It bounced to the bearish trendline, the high volume candle will probably break the previous channel shortly, we expect the price drop to the next support.
GBP tested the major resistance and got the rejection, the trend could be changed and broke the trendline down to the previous support. This is the same idea as the GBPJPY Sell, manage your risk.
It recently broke the bearish trendline, now the consolidation is about to finish and starts retracing up.
The major resistance area created a crucial pin bar, the rejection will probably drag the price down to the previous support.
It was positioned in the major support area and got multiple rejections, soon we can see the trend reverses.
It retraced to the previous channel and started forming an ascending wedge to test the previous high.
The volume pushed it down to the previous support and back to the sell range, we can take this momentum with the high-volume candle to sell.