


Waiting on the break of this range we been stuck in for couple of days. I would prefer up since we have alot of space.
We reject either 0.6500 or 0.6550 level. An engulfing or a pinbar on that level would give us a good signal
we break and retest the strong resistance. But I will leaning toward short but I am ready for any scenario
We break the counter trendline and retest the broken support. Look at the break down with the chart I post
Just retested a strong daily broken resistance turning to support
I will be looking at the reaction at the daily descending trendline
Lets wait on a rejection candle at the 61.8 fib. and resistance. We need a clear candle before we go short. Trade safe
Price is oversold on the 4hr and there is divergence on the 1hr. It is pullback time. Lets see where will we get the rejection candle
It is at the descending trend line + 61.8% fib + strong resistance. Here are my 2 possibilities. If it breaks resistance and trendline we could see 1.0000 agai. If not 0.9750 easily.
when it breaks the 4hr counter trend line. We rejected descending daily trend line + 61.8 fib and look at RSI.
What a move last week on GBPCAD A triple top and it crashed hard. Now lets not try to catch a falling knife. 2 zones I will be looking for a short. If there is no rejection candle than no trade
95.50 is a pretty strong zone. Lets see if we get that break.
Last week I closed my position wayyyy too early. I had an early analysis that played out perfectly. Now I will be waiting on the pullback to reenter. We have to keep in mind that it is NFP week, could be a wild ride so take it easy.
Took a short last week until support. Lets see how it reacts to support and 61.8 fib. Will not write a book on why I take or wont take the trade but here is the 2 thing I will be looking at