After yesterday Monetary Policy Report from Bank of Canada, price was pushing above the key resistance 1.2774, closed above this level and made new high since mid Aug.
With this price action, my bias is more to bullish side. Now I'm waiting for the price to come back 1.2774 level and go long, aiming for next resistance at 1.3009 and 1.3338.
If the 1.2774 failed...
After 4th attempt on the key resistance level 88.90, price broke the resistance and went higher. Right now, the pair is in correction phase. I'm expecting to go long again if it goes back to 88.90 level, targeting for 93.20.
If it fails the support, i will look for pull and short again.
P/S: please follow me for more ideas, thanks a lot :)
Overall the trend is still bullish, the price is in corrective range with small false break, followed by quick sell off. This indicates to me that the seller force is still in play.
I'm expecting to go LONG when the price going down to 130.65 - previous broken major resistance, which is going to turn to support.
Another head&shoulder pattern in 4H timeframe, I entered short at 1.7000 level, currently in profit, for those who missed the entry 1.7000 can look forward to short again around 1.6901-1.6915 level.
Below we have 1.6800 is nearest support, if we break this, I’m waiting for a pullback then short again, targeting 1.6623, 1.6185.
Well this is my first ever post, looking to improve my analysis and English (as well) along the way. Thanks for any feedback.
After this pair has broken the major resistance zone (1.1613-1.1714), price reached higher and made a corrective move back to the zone(now become support zone) - making another opportunity for buyers to jump in. After making...