Pending order @ 0.7734 SL: 0.77940 TP: 0.75100 Again!!!!!!
Going by the constant failed attempts made by the Buyers to raise the price and maintain it above 0.67450, I see the pair beginning to see high volume of Sellers over the buyers. I Plan to Sell the pair following a strong daily rejection from the Key Resistance @ 0.67450 and consider a Buy Trade if the price closed above it followed by a strong daily rejection.
since the market does not have a clear direction as neither the buyers or seller have been able to maintain strong control, I plan to buy after a breakout and close or rejection above 116.050 and look to sell if the price closes below 113.100.
The EURCAD has been very good to us since last two weeks. We achieved a 1:2 Risk:Reward ratio the first time we sold it. and on the second trade we locked profit following a rejection and made a small profit. Time to Sell it again. Our Current Target is 1:2 and we plan on locking profit when the trade hits 1.44115.
EURGBP Analysis: Going by the number of failed attempts made by the Buyers during the Last week, I believe the sellers will manage to break the trend line. If they do manage to close below the trend line it would be clear that the Trend may expire. We will consider a sell only once we would have locked profit on our Current Trade.
EURCAD Analysis and Pending Order
I will be looking for a buy IF price break and close above $35 On the chart my plan for US/WTI
My Plan on the chart. However, If the price didn't hit my pending order I will be waiting for a rejection @ 115.370 level * I will look for a buy if price close above the hot spot. otherwise, I am a bearish.