DislikedHey gang, just catching up here now that I'm done with my workout and at the office. Here's what I'm seeing... Nothing has changed. In fact, I would argue that this up move is positive for bears. We're testing the 50 and 100 moving averages on the 1-hour chart quite nicely. As long as these hold, the downtrend is 100% intact. If/when the 50 ma crosses over the 100 it will be a big positive for the bears. We're also stalling at the 50% fib of the most recent move down... a good sign: {image} USD/CAD is killing it for those that were short. I actually...Ignored
GJ is currently in a channel on the hourly between 163.75 and 161.50. Any real movement will be happening on the break of either side. Although i do think it will go to the 164.35 area (weekly open), probably bounce, and continue going down. I won't be adding on there because i already have a position just above @ 164.52 and i'll have 2 in the negative at that time. Market is so random sometimes, anything can happen. Could just take out everything or it could go straight to the tp.
Ucad is just as you said and i did the same. Close to my initial target, got there quickly with no pull backs, oil looks like it's gonna go down for a bit soon. I'll be taking entries on pullbacks on this pair. I don't know where yet, i'll have to wait until price develops.
