There are good shorting chances on USDCAD, USDJPY & USDCHF, but since I can only publish 10 ideas a day, I will pick this pair for my followers who regularly ask for it.
Early weakness signs have appeared on this pair and shorting this pair might be a nice idea. I am using two yellow trend lines as some charts do not show the middle spike.
The expected coming down move could be a corrective one up to the blue, red or green lines. We will decide there is this is a reversal to the downside to a correction for another up move.
For me, I have only moved my stops to break even for my prior longs and only watching.
Early weakness signs have appeared on this pair and shorting this pair might be a nice idea. I am using two yellow trend lines as some charts do not show the middle spike.
The expected coming down move could be a corrective one up to the blue, red or green lines. We will decide there is this is a reversal to the downside to a correction for another up move.
For me, I have only moved my stops to break even for my prior longs and only watching.
Trade closed: target reached
Target is reached and now setting back watching today's close.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.