Ranging-market
EURUSD broken out the channelThe price has managed to finally break out the channel, the price has broken out the support level of the channel and has moved all the way down to a very strong support level. The price did confirm the break of the channel by retesting the broken support level, which this time acted as a level of resistance. The price seems to have lost some of its momentum as it has approached the strong support level, also the RSI has been in an oversold position meaning it is very likely that the price may retrace a little before trying to test the support level once again. The price of this pair has also been hit with the impact of there not being a trade deal confirmed between the UK and the EU when UK leave on March 29th 2019. All this is negative for the EUR and it can be seen in the fall in price over the last couple of days. I will update this post if I see anymore signals, which may be able to help determine future price directions.
[USDCAD]Let's Profit from the ranging marketHi everybody!!
First I am very sorry, I don't post that much, I am very busy in my life right now! When I find the time I will for sure !
So USDCAD is ranging since few days now, let's profit from it! look for the ranging market Max and Min and play inside that gap!.
Play safe get the right candle and dont look for more than 40 pips at a time !
Everything is on the chart. Need explanations ? ask your questions. Need my Idea on any other thing let me know.
**Never forget your helmet when you take the right candle**
**Enjoy trading ! it's thrilling"
and
**SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in ( Currencies )***
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Long Coffee FuturesCoffee has been ranging between ~106 and 127. Price touched the bottom of the range and today's activity closed as an inside bar/candle indicating indecision, hence the potential to take a long position and reach for the top of the range.
entry - above high of inside bar
stop loss - below low of mother bar
target - top of the range at ~127