Price is forming a top in very long rising channel, looking for strong sell once rising channel will be exited and re-tested
Expecting very weak cad to regain some strength in near future and dollar to weaken after clearing FED confusion around tapering. Currently I see price exiting and re-testing rising channel.
After a strong impuls down, price has respected rising channel and retraced perfectly to 38.2 FIB. Currently on the watch list, bias for sell
Looking to buy after re-testing 1.3810+/- and positive price action.
price currently touching support and OB - looking to buy after positive price action
Local reversal, buy after pullback and rejection of support zone 1.3775-85. Please share you vision. *This is not a trading advice, just my own technical analysis.
History likes to repeat. Expecting retracment and continuation up or retracment and continuation down. entry not confirmed yet, as still panic selling.
After a very strong sell due to high inflation data USD I do expect continuation of the move, just after retracement of 0.618 FIB and a valid sell signal. Just idea, no trade advice.
My bias - short, sincelast COT - GBP is adding long trades on GBP and shorts for EUR, 0.8645-0.9635 key area to watch.