Has it bottomed?
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Reversal Patterns
- Thread starter gartley222
- Start date
Quote from lynx2004:
gartley222:
Just came across your journal while searching CAD.
I am trying to determine whether it is time for the CAD to reverse and go higher against the USD (short-term bounce, perhaps?)
Have you looked at it current after the move below 0.79 today?
Best in your trading.
I have not looked at it. I have been playing the YEN latley. However, I dont want to assume a top until a DT has been confirmed.
CADJPY major break (www.pipprofits.blogspot.com) I post to my blog too. My journal here hasnt been touched in a bit. Ill be posting more here shortly.
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If the EUR/NZD breaks the down trend lines drawn we may see a potential 400 pip run to approximately 2.2470. An additional bullish sign is the double bottom which is identified by the green horizontal line drawn. I will be looking for a break to the upside and close above 2.2120.(www.pipprofits.blogspot.com)
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Trading is like slut searching in many ways. Traders gawk at charts all day trying to find the best trade they can "nail". For instance NZDUSD looks like a wonderful whore bag. If she breaks below the orange support line she may find her way to the green support line drawn on the horizontal 6235. Once the chart drops below there, NZDUSD should get fucked pretty hard and find support on this fibos noted in the chart. The next few days will show this sluts destiny.
Some incentives to this may be that the Fed kept the rates unchanged and some dollar pairs had decent rallies today(USDCAD,USDCHF). www.pipprofits.blogspot.com
Some incentives to this may be that the Fed kept the rates unchanged and some dollar pairs had decent rallies today(USDCAD,USDCHF). www.pipprofits.blogspot.com