NZDCAD breaking the Ichimoku CloudNZDCAD has been in an uptrend since the first week of November.
In the past few days, the price attempted several times to break the Ichimoku cloud, but we always had a very good reaction by buyers, pushing the price back towards new highs.
This time, action by sellers seems to be very strong and there are also all the conditions with the Ichimoku trading strategy to consider a short position:
Risk to reward is 1:2, but for this trade we can also aim for a bit more.
Good luck!
Itstradingtime
EURUSD breakout of the channelEURUSD has been in this ascending channel for more than one month and, at the moment, we seem to have strong action by sellers, attempting to break the lower part of the channel.
Standard trade, with stop loss above a short-term congestion phase, take profit at the same level of the swing low that started this up-channel.
Good luck everyone :)