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! Like, comment and subscribe to help us grow! Check...
Looking to short EJ around the confluence zone. -23.6 profit target, trendline, supply zone, Gartley completion, previous structure, ABCD completion, Stochastic overbought. Looks like a decent area to begin looking for a short.
-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...
After breaking to new lows within downtrend the mkt is retracing back to the broken support zone with Fibonacci confluence offering a high odds opportunity to short the mkt within the bearish trend continuation zone.
Update 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. ...