Thursday bullish PB followed with a bullish candle on Friday. Expect that if 0.60 holds, price will move towards 0.63 first.
Price broke strongly above the downtrend and retraced to support region around 1.4. If this support holds well, expect price to move up further.
19 Apr: Price seems well supported around 116.8 region Will wait for break of this support on daily candle before re-enter short again
19 Apr: Price rejected from 1.726 resistance and continued down on Friday Expect to continue to go down so long the resistance holds well.
Price broke the resistance and came back down. Need to wait for more candles to confirm if 1.055 area support/resistance can hold. If support holds, expect price to go up towards 1.07 area
If price can break 69 strongly, it may eventually go up to 74.2 area. Otherwise if it is rejected from this resistance, it shall continue to range between 64 to 69
Expect price to continue uptrend if 0.61 holds well. If breakout 0.62, expect bigger moves upwards
Price may zig zag a bit but so long 1.54 not broken up we can go a lot more down. But need to beware, fundamentally CAD is weak currently as well. Better to wait at higher level for entry and be patient, monitor first instead of go short immediately.
Price rejected from resistance for 3rd time, this time strongly with a bearish pinbar
Expect price to continue uptrend until at least the resistance at 0.644 area. If that level breaks, to go up to my TP