I want to share a little trick for validating breakout from a narrow range. If more people use this method then it can become even more effective ;-) 1. Price crosses below both lines of Chande Kroll Stop and the area between two lines of Chande Kroll Stop is shaded, indicating price is breaking out of a narrow range 2. Bull bear power histogram paints red below...
It's made HH and HL, not a good idea to short now. Wiser to see it reject 200d ma.
Look for 3 successful pullbacks into the channel and price will hit the middle line (VIDYA). In other words, one side gave up after 3 failed attempts. Works on any time frame.
let's see if it holds 9300, if that breaks then look to 6500
This is a weekly chart, cad has broken out of downtrend, last time this happened it went up 11% in 3 months. Short USD/CAD.
Silver back above 16 very soon. Act quick and long before short squeeze.
Bullish divergence, reversal to upside is in the making.
Notice increased volume at the low, EUR/JPY looks bottomed out and should be reversing to upside. Meanwhile EUR/USD also seems to be turning bullish.
USDJPY might be starting a month long bear trend, DXY down Yen up.