jandittme

jandittme Updated 

EURCAD has come down recently, and now formed a consolidation pattern that looks like a curved bottom. It just touched the bottom of this curve again, so that seems like a decent position to open a long position. Any move that closes significantly below the curve invalidates the setup.

jandittme Updated 

It looks like the short, which appeared to be a no-brainer, has completely turned around. After dumping through the neckline of the head and shoulders pattern, it bounced upwards with large volume and has broken through the downward resistance line. I call the big green reversal candle the Boris Johnson candle. Currencies depend on fundamental economic news, and a...

jandittme

It looks like Moeda is forming a cup and handle pattern on the weekly. Right now the retracement is sitting nicely on the 0.618 fib level. I think it is likely that Moeda is going to make another move upwards from this area.