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USDCAD, A trading range or bear flag? USDCAD / 1D Hello traders, welome back to another market breakdown. USDCAD has been trading in a bullish trend on higher time frame. The price is still in the bull-back mode. Bears want a bear flag with another leg lower. Bulls want some kind of double bottom, micro double bottom or lower high major trend reversal for the next leg higher. The odds favor the bulls so far, checkout the chart for where I'll be interested in a swing trade. Trade safe, Trader Leo.
Long
by Leo-btm
19
EURUSD, More likely side ways.EURUSD / 4H Hello traders, welcome back to another market breakdown. EURUSD has been trading in a down trend on the monthly. However, bulls started revesing making new highs new lower highs. The structure is still bullish for now. And bulls want to test the key level and probabli want to trade a bit higher to clear all the orders there. More likely to find bears above the key level. So, I'll try to get long until we reach the level. Checkout the chart for what I'll be waiting for before the trigger. Trade safe, Trader leo.
by Leo-btm
34
Gold, chart update for the bears.XAUUSD / 4H Hello traders, welcome back to another market breakdown. This is an update of the last idea shared where I talked about a potential bounce for the bulls but fail eventually. Gold is trading around a major key level where bears are expected to show up. The price has developped a wedge patter which is one of the reverse patterns. For conservative traders they should wait for the structure to break first and get on after the retest of the flip zone. Trade safe, Trader Leo.
OANDA:XAUUSDShort
by Leo-btm
17