USDCAD - SHORT - 1/100 Notes: After ranging for the past week and a half closely to my monthly resistance. It seems buyers may have given in to seller pressure as they have allowed price to break the low of the range.
- DESCRIPTION - Ideal Head and Shoulders pattern forming with right shoulder currently lower than left
Description Price dipped below support of 1.25390 and remained there making three observed attempts to re-surface finally breaking through as a result of potential over-buy. Hence signalling an upcoming short. Head and shoulders spotted on 15 minute chart with right shoulder closing lower than the left shoulder. False breakout as the bearish trend can be...
DESCRIPTION - - Recent Retracement has shown a strong sign of being over as last daily candlestick shows strong refusal of resistance line - Refering to previous comment, no support thus far that the retracement is a reversal - Price is now approaching a stronger support level , this being the next lower low - CURRENT STATISTICS - - Number of Trades: 3 -...
- DESCRIPTION - - Third time that price has reached and refused 147.6 - Shown signs of reversal in the Daily time frame - Shooting star candle at resistance - Bearish Bat pattern has also been fulfilled - CURRENT STATISTICS - - Number of Trades: 3 - Status of Trades : 3-Active / 0-Wins / 0-Losses - Current Net Return: 0% - TRADE INFO - - Position: Short -...
Standard head and shoulders pattern Just an idea to watch