NZDJPY waiting for confimation for an entry
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
If you take a look at the last USD/CAD opportunity I posted, you will see that price is currently dropping from the resistance level that was identified. I am in this trade from the resistance level I posted, however here is another opportunity for an entry into this trade. Price has a bias to fall to the downside after breaking out of the pendant - this will...
AUDCAD is having some trouble with the bears. Nothing to worry about because being in a trend can give some very profitable opportunities. Like this one if it continues to move downward. We all don't know if it's gonna happen but we can get a high probability out of it. Having a flag pattern or a pendant formation gives you enough information that there's a...