Greetings traders! I will be entering short on EUR/CAD as the price decelerated and rejected the 50 EMA, 0.5 Fibonacci level and MACD divergence in place as well. This looks like the first pullback of the trend started on 10/10, breaking out violently from the ascending wedge, suggesting a continuation of the major trend that started at the beginning of...
Hello traders! Currently watching NZD/USD; the previous trend was exhausted and abruptly reversed on 09/08/2016, crossed the 50 EMA on 10/04/2016, now possibly entering into a bear channel after rejecting the 20 EMA. Still waiting to enter as it's possible that price will move sideways; if that will not be the case I'll enter short setting a first t/p at 0.70...
Hello Traders, I'm currently waiting to enter short on EUR/CAD once price will decelerate at 0.5 Fibonacci level. 200 and 50 EMAs also providing dinamic resistance, bonus points if a reversal pattern will form tomorrow. There may be a chance that price will continue pulling back at 0.618 Fib level (1.4700 resistance) given the strong momentum that is currently...
Hello traders! Curently watching Oil closely as it appears it's starting to have a clear direction after Iraq's recent statements of not be willing to cut production. Currently short but will start to look for long entry if the current run will show deceleration at Fib levels; bonus points if 50EMA will meet price at 0.382. It's also worth noting that MACD is...