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*Update* USDCAD beautiful move, breakout of wedge!USDCAD finally closed below the trendline, very very good on our analysis. Now we can see price push a little bit upwards towards the trendline and continue to keep dropping. We'll keep holding this for the long term perspective and have another sell entry soon when the pullback happens. #sniperentriesonly Original analysis: In USDCAD, price is currently sitting at the strong resistance of 1.33388...if we have continuation upwards, we will enter buy positions. If price reverses and bounces off the trendline, we may enter into buy positions, if it continues downwards, we'll be keeping this sell position with an updated take profit later. Good luck. USDCAD SELL start: 1.33345 stop loss: 1.33599 take profit: 1.32440
Long
by mrleh
USDCHF clear buy?USDCHF played out exactly how we expected. Currently, Price hit our strong key area of 1.00610 and starting to reverse. This indicates that the strong key area which was broken last month has been retested and is planning to continue rising towards the next key area of 1.03000. Now, this week many news on US-CHINA trade may cause havoc in the markets. We will enter with the stop loss just below the key area and if the price continues dropping instead...we will watch to see if the price is ethier simply testing the key area or making it's way down for the rest of the week. Cheers. USDCHF BUY start: 1.00620 stop loss: 1.00300 take profit: 1.02814
Long
by mrleh