i'm going to take an aggressive short on usd cad at 0.9840 sl=0.9897 tp=0.9715
Ignored
right...it could be good setup but I think not today but tommorrow.
I checked again daily chart now and this is what I see:
Third touch of trendline on daily has already occured.
Tommorrow I expect penetration of this trendline - that means 4 touch and break down.
Maybe even 0.9850 area could be taken in account for short.
if that is really the case, us open gonna trigger that. but the news recently has been really bad and the entire eurusd trade is all over the place on daily for like the last 2 weeks. so im still keeping my finger crossed with a very small exposure. and most importantly, i had a happy piping day ! never been this happy since 2 weeks ago lols
i think the u.s session will bring the break on usd/cad
Ignored
If it is true then this daily trendline loses its technical significance.
Anyway, this break out really can happen today.
As you can see on the chart there was fourth touch and break up the upper trendline ( sorry -is missing on my chart) today. It was a fake break up to 0.9907 IMHO.
So, after this fake break up to 0.9907 I was/am reassured that we can expect with more probability the move down then up.
Trades based on Market Geometry and Price Action
