GBP-CAD Epic Resistance Confluence! Sell!
Hello,Traders!
GBP-CAD has hit an EPIC
Resistance confluence
Of the strong long-term
Falling and horizontal resistance
Which means that the path up
Is blocked by now by a
Strong supply area
So a pullback from
The 1.6884 area
Is to be expected with the
Maximum target being
The area around 1.6585
Sell!
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Confluene
gbpjpy bear trend continuation opportunity-Mkt broke down to new lows and is now
retesting broken support zone
-Mkt testing confluence of 50 retr & structure
with RSI reaching overbought
-Aggressive short opportunity at 134.00 area
-More conservative short opportunity within
Bear Cont Zone with Stops 1atr behind the
139.00 invalidation zone
-Expectation is retest of low of trend around
128.50 and potentially continuation to 121.00
BEARISH BAT PATTERN ON NZDUSD / GOOD RISK REWARD / WITHIN TRENDUpdate on NZDUSD: Coming right into previous resistance which is typically a good way to look for a shorting opportunity. In this case the market gives us a bearish bat pattern at the 88,6 %Retracement from X-A. Moreover the Completion point D lines up perfectly with the 61,8 % Retracment from Swing High to Swing Low.
Targets and Stops as shown on the chart. Make sure it fits your personal trading plan!
Have a great weekend!
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