USDCAD seems already to be on it's way to it's nearest Weekly support ( 1.25200 ), but that doesn't mean there's no possibility for the market to retest the Resistance level ( around 1.29607 ) For few weeks to come, I am only looking for a short on the Loonie , around it's resistance level. I'm risking 2:5 for this trade. Thanks for reading. Encourage me for...
Reversal is currently happening on GBPCAD, to test the nearest resistance level ( 1.75540 ). I will short around that price, and expecting downtrend slope till it reach 1.7230 . Cheers!
By using SnR, and candlestick patterns, I'm expecting the notorious USDJPY to slope into a quick downtrend in H4 timeframe soon (currently no candlestick pattern formed yet indicating a put), and once it reached at least 104.540, I'm expecting a call until at least 106.180 (TP).
I'm speculating (or expecting) AUDJPY to make a quick call and by using candlestick patterns, I'll be searching for a sell opportunity around 80.570. Once I entered, I'll be holding for a drop until it reach TP1 (partial close at 79.737), and possibly (depending on the market volatility) to hold the rest of the calls until it reach TP2 (78.848).
Current downtrend 'plane' carrying all the smiling traders that went short in these past few weeks, targeting to land around 1.65500 price range. I've bought the ticket to catch this plane and expecting it to soar and stay above the cloud around 1.72200 price range, hoping that it won't crash downward midway. I'm risking 2:5 for this journey. I'm new, if you...