Prices have fallen below their two-year upward path, There is a high probability of a bear market in the future. Investors are advised to stay bearish for the long term. Feel free to contact me if you have any questions ! Follow me ! Show U The Money ! ---------------------------- 2019.06.24 in
All analysis is drawn on the chart already and easily understood. Target is 1.3
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.348. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.343. TP4: S2=1.3395. Set the stoploss of these orders at breakout of R2=1.349. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
Market will BEARISH till S1 which can also taken as TP and S2 can be taken as T2. Currently market touches resistance R1 and R2 also so now market will fall.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.344. TP4: S2=1.341. Set the stoploss of these orders at breakout of R2=1.3515. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
FX:USDCAD Gain in Momentum R:R > 2.5 Max Risk - 2% of capital
The resistance of 1.33914 seems invincible for the bulls, holding it down for a month. The pair has now formed a double top pattern at the resistance and broke the critical support of 1.33668 too. The breakout of the support also yielded a follow through in the RSI indicator, which also formed a double top pattern. Now, the pair is being resisted by the broken...