we had a false break below. We currently in a sideways movement and this has the potential to push higher.
Still looking a bullish market. However, I can't also ignore the strong sell. Buyers are trying to make new highs but failing
looking at the descending channel on the daily... simply buying at the bottom of the channel as CAD is also showing signs of weakness
1st Target around the 35,800 region. 2nd Target also around 36,500 region
objective is to sell here from the daily once the buyers give up on the buys. Buyer failed to make new highs and breached below. We can resume the original sell.
This's a riskier and also a reversal setup because we've been seeing some active buying. We can't hold this sell for long.
We officially had our 3rd rejection off the range the 4h timeframe.
We make it to our 1st Target but I came out before we made it to the Target
still looking at GBP weakness. Perhaps the retail sales data during New York session might push prices lower
Quick update from my daily analysis from Jan 21, 2022. Idea still holds and currently in a range from the Daily. However, on the 4H timeframe we had some buyers breaking out from the range and failed to push much higher which would probably result in a probe once the daily candle close. 4H is looking good to add more size but we also need to wait for the candle to...
Our trade idea at the beginning of the week has finally reach its target. it took 5 days to fulfill its target with the push that came from the FOMC meeting this week