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EURUSD So far showing a little upward movement. if it brook the trend line (red) on top, then it might going up a bit. I do not have any direction yet for EURUSD until the price free from the “red” triangle.
Some people like to trade on broken triangle. But I do not.
Trade suggestion: None.
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CAD is continue its weaken… It will a super low. Entry just open now.
Leave a CommentThe EURUSD performs very well last week. After NFP last friday, the currency drops more than 100 pips. We have a position of Sell EURUSD, it moves so well, now it is 245 pips in profit.
I believe its next target is 1.05
USD Index is scoring new high ever. It means the USD is getting stronger and stronger. It means EURUSD & GBPUSD will continue to go down, while USDJPY and USDCAD will continue to go up
Looking at weekly charts, it is showing that Potential Major Reversal may has taken place.
The currency NZUDUSD, AUDUSD, GBPUSD shows a bull pattern. USDCAD & USDJPY shows bearish started. EURUSD is still in correction, and soon Bull will win the race.
It is a time for USD weaknesses
Leave a CommentThis week is a FOMC week, so the market will be strong. Expectation as always to USD going strong. So we prefer to stay with Sell GBPUSD. Right now it is in profit 66 pips. The Stop Loss is only 40 pips.
GBPUSD has showed a double top in H4, and the down trend has started in H4.
Currently, there is a correction in H1. But it might be not late for you.
However you can entry if it could broke price level 1.5264 (EP)Â in H1 with stop loss around 1.5295 (SL). Then Hoping it down to 1.5150 (TP)
ONLY IF IT BROKE 1.5264, the DOWN Sell is valid.
Last update on this, I trade was not triggered. Always put a way for price wrong direction than what we thought it might be. The price is moving up now, but none of my pending orders was triggered.
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