GA has had multiple failures trying to break resistance - 50% retracement. We also had a Daily candle engulf showing that sellers are back in action. Recently had a break of 4H time frame uptrend TL. I am looking for a clean break of 1.78, a retest and down we go. Risk management and confirmations are key!
After a 50% pullback, after seeing some consolidation and a 4hr engulfing to the downside; bears are back in the game and we might see continuation of the strong downtrend in higher time frames. *Risk management is key!
After a pullback, we are seeing bulls back in the game. After a bullish breakout of consolidation we have an 1HR engulfing, another confirmation that bulls are back in. Taking it to full extensions. Few TP's along the way. PS: Risk management is key!
We had a big impulse to the upside breaking the downtrend structure on the H4 TF. Also, we have been creating HH and HL on lower time frames. Now, we are waiting for the pullback and price action to lead us to enter long in this pair, if no bulls show up around "green zone" we DO NOT enter. It could retest between.50 and .618, since it is where we had previous...
EUR/CAD is finding some resistance at the 61.8% Fib Level (4HR). Key resistance level on the Weekly chart as well.