EURCAD buying opportunity showing itself again.
I've actually taken 85 pips today off the short signal generated in this pattern a few days ago, so now it's time to ride the pattern to the upside.
So far the StochasticRSI has been extremely reliable in determining buy/sell signals in the current broadening ascending wedge pattern that has been forming over the last few days.
A buy signal is forming on the StochasticRSI now, along with a 38.2 Retracement of the fibonacci pullback.
There's also a wide range resistance line i've noticed that could act as support, and be more indicative for a precise time of entry for maximum results.
As I said before, the buy and sell signals have been very reliable in this pattern thus far, and the buy signals have shown the best results in terms of more movement, than the sell signals have done.
Obviously don't just jump the gun and buy now even though it looks good, wait for confirmation of reversal.
So far the StochasticRSI has been extremely reliable in determining buy/sell signals in the current broadening ascending wedge pattern that has been forming over the last few days.
A buy signal is forming on the StochasticRSI now, along with a 38.2 Retracement of the fibonacci pullback.
There's also a wide range resistance line i've noticed that could act as support, and be more indicative for a precise time of entry for maximum results.
As I said before, the buy and sell signals have been very reliable in this pattern thus far, and the buy signals have shown the best results in terms of more movement, than the sell signals have done.
Obviously don't just jump the gun and buy now even though it looks good, wait for confirmation of reversal.
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