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Technicaltrader123

USDZARUSDZAR, broke out of the Daily descending trend, and created short term Higher Highs. which validated a buy setup, now we wait for the next 2 parts of the trend to confirm that momentum has shifted. Once confirmed that momentum has been shifted. we can take another buy, by breaking out of the profit taking which we are in no, utilizing the same method as before; buying on the impulse until the next resistance. If the continuation pattern doesn't form, we can take sells below Weekly support, which be a trade very long term to hold.
by TechnicalTrader123
USD/JPY Trade IdeaStructure is currently within a critical area. Two major momentum's are intersecting with one another, buyers and sellers. With this being said, we will simply wait for the market to make the first move before any trade ideas from a bullish or bearish perspective come about. For any sells, we would first be looking for strong breaks below the ascending trend and weekly support invalidating this initial bullish run that started on the 13th of September. In addition, the break below the beginning of the bull run would invalidate the idea that this bearish momentum is relief from the bullish run. From there, we would simply look for a continuation pattern to come about to indicate a trend cycle is forming. Buy's will only be warranted by creating short term higher highs. Short term due to the fact that initial driver to left (bearish) has yet to be invalidated. Therefore, this short term bullish momentum is a consistent of pending order's being hit from the weekly support and ascending trendline on the daily + liquidation or relief from the initial bearish impulse. Full updates regarding this pair can be found on The Exchange. Let me know what you think legends! . The Exchange: The Exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading. Join Today: www.thatfxtrader.com
by thatfxtrader1
USD/CAD Trade IdeaWithin the liquidated movement that was driven by the initial bullish impulse, we can see structure is in a short term ascending trend. The ascending trend came about from the impulse made by the sellers at the beginning of September warranting the ascending trend as relief or profit taking. With this being said, we are simply looking for the market to make the first move before any trade idea is to be considered, short term higher highs or short term lower lows. Full analysis on this pair can be found on The Exchange. What do you legends think? . The Exchange The exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading. Join Today: www.thatfxtrader.com
by thatfxtrader1