After FOMC, markets are slowly digesting the outcome. Now we should begin to see the markets move again. EURCAD is very bearish on the daily. I am expecting more downside on this pair.
Price has retraced back into the 151.45 level. Daily and 4hr chart are still uptrend.
My weekly forex review for March 14 to 19 2021.
Shorting gold now on the pull back. Price has been steadily falling lower past week. Strong bearish red candles showing bears in power now.
Price has moved back into resistance level of 1.1928 on daily time frame. Look for a close below 1.1927 to enter on 4 hour.
Price is going sideways on 2 hour. Its respecting the 0.7187 resistance level2 times already. Looking for price to drop here again.
Price has broken below support of 1.5400 Looking for price to come down to the 1.5270 support level.
Pull back into resistance at 1.5036. Looking for price to drop from here. Daily and 4hr is trending down.
Nice bounce off support. Looking for crude oil to jump from this price level.
Price has retraced back into support at 0.7355. Daily and 4hr chart is bullish. Looking for higher move up.
Price has finally found support at the 63.827 level. Waiting for a bullish candlestick setup here.
Price has once again retraced back into the 1710 level. Daily and 4hr trend is down. Follow the system and profits will come.
I am taking a long here at 85.97 level. Price action is bouncing off the 618 retracement. The trend on daily and 4 hour is still bullish. Lets go for a ride traders!
We have a pull back into the 618 retracementl level. Trend on daily and 4hr is bullish. Let this baby ride!
Gold is very bearish. Price is declining slowly. Looking for price to hit target profit today or tomorrow.
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Nice short play here. Gold has been moving down the last week. About 20 bars has passed since the next move down. Major trend on daily is still bearish on the Ichimoku system.
Price hit resistance near K line at 1.5597. Look for Price to drop from here.