POSSIBLE SHORT ON THE DAILY TIMEFRAME WITH THE NZDCAD PAIR, THE PAIR HAS REACHED A PREVIOUS SUPPORT AND RESISTANCE LEVEL THAT NOW IS ACTING AS RESISTANCE, THIS MIGHT CREATE A MOVE TO THE DOWNSIDE REACHING THE B POINT OF A POSSIBLE ABCD PATTERN AT 0.8750 OR THE D LEVEL AT THE 0.8400 PRICE LINE.
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Hi Traders,
We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already.
All I need now to give me more conviction is the trend line on RSI to break.
Thanks!
Thiago...