We see bearish action on USDCAD. Short term sell here. Good for around 40 pips. Depends how action will develop further. Anyway a good r/r here.
As for now it still hold this trendline and the moving average on 1H and 4H. Need more patience. If we break and then retest, then it's a valid short. I expect a fall to 0.88 at least then. --Then I will put a free signal here. But anyway to get the easiest profit it's easier to follow our automated signals. :) --
Nice shortterm short opportunity today on EURUSD, like we said yesterday it could go either way. I saw a rejection in 1H on the moving average and then it dropped like a stone. We took a scalp short today on my other account. Soon we will trading many EU on our account for automated signals. We tested first for multiple months our skills on other account, now it's...
Our first idea runs exactly like we showed.. What I now see at the moment is that it try to break the support line, and more important, the 50 Moving average on the 4H chart and the 200 Moving average on the 1H chart. If those 3 things line up, then retest and it fail, we can get a nice short.
For the long term it's not very clear what EURUSD will do. As you can see on the chart it can do both things. Let's see. I don't trade just to trade, be a sniper.
We will hit probably next week some big resistance at 0.89400, I expect a change of direction from there. We are already little bit overextended and also with no pullback, the Fibonacci level of 0.786 is around that level. We have also some interesting news around the brexit that Boris Johnson don't wanna pay the invoice of 39 billion unless EU give a better deal...