TDI crossing at overbought levels and CCI showed a nice decrease in bull strength with an obvious bearish divergence. Perfect trade moment.
This pair correlates somehow with AUDNZD of which im calling a long. Just nice, this pair gives me the confidence that AUDNZD will recover.
This has been showing sustain strong bear strength for many weeks but it has not made a convincing breakout of the bull channel. Now it is a turning point for EURUSD and CCI bear is reducing, TDI has made a crossover to bull at and oversold region.
I would take a risk for a long here, as this is NFP week, many stuff can happened but this trade is too good to miss.
TDI has crossed downward with good sloping and CCI has registered a reduced bull strength. Daily chart also supports the bearish bias of this pair. Trendline is broken with a good bodied HA red bar.
CCI decreased, HA Candles shows impending reversal, TDI flatten in overbought region.
Abit of a risk play as HA candle did not turn red yet and TDI slope has not gave a convincing bear slope but the RR on this pair is too attractive.
TDI shows a good slope up and CCI bear strength is losing. I presume the retesting of the bear channel breakout was successful and it should presume uptrend.
Hopefully CAD news don't screw this up.
CCI shows reduced bear strength and Traders Dynamic Index cross over show healthy sloping. Last Friday closes above 5 EMA which make an ideal long scenario.
Countless attempted in the H4 that this pair was unable to break out of the bear channel. CCI is below 100, if Monday it opens with a CCI bar lower than the previous, this will be a good RR short trade.
