


fx_analyst7
The price went above the upper downtrend line and got back, making a fake - out for buyers, crushing them down. price will fall further down.
it couldn't break the resistance, price fell all the way from resistance, and bears are taking the charge for the time being.
If the price gets held by that support I drew, it's more probably by bulls. If support is broken it is more likely to head straight down.
USD/CAD touched it's upper trend line and it is about to get further down. T1 is highly achievable, but if something goes wrong and buyers start to appear, clear bear positions and go long. T2 , if the price goes below the long term trend, which seems likely.
The price broke the support which held it below the 50-MA. The shorters will definitely drive the price down. T1 is more likely to happen.
The price made a double bottom and then took the support of the buyers. Also there are more buyers above 1.1152 that will pull the price far up.
the price touched the 48 period MA and it may get further down in this trend after recovering some short covers. t1 is highly achievable. risk is just 10-15 pips.
>greater risk per reward opportunity. risk: 10.5 pips >reward can be about 60-80 pips. >buy on trendline. >Shorts are anyway gonna clear their positions. and morre longs are gonna come.
nifty is sold today. buyers are clearing. bears are entering
With excellent risk /reward ratio, i'm entering before confirmation. risk 9 pips to earn 40-45 pips.
SHORTS have clearly entered and will take the price at 122.5.
Lower channel support. clearing of old shorts + buying of new long. bullish set up. T1 T2 also look at my shorting script in the link below.
shorts are clearing their positions. if we're lucky, bulls will come fly to long. T1 is minimum profit, i assure you.