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FALSE BREAKOUT FOR USD CAD ?

The USD CHF had given us a strong bearish signal to break Support of the large Daily Chart Pennant, only to disappoint by breaking out for a short distance before now being set to return inside the consolidation. With the USD CAD giving a similar, but bullish signal this week, will we see a similar pullback or a large profitable breakout?
USD CHF-DAILY CHART
There was an initial signal followed by a sharp U-turn then a brief breakout of only 140 pips-small in comparison to the size of the Pennan…
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Finding Key Support and Resistance Areas

Hello,
I've written an article about Finding Key Support and Resistance Areas:

You can read the article here.
I hope you find it helpful for your trading! I'd love to read any feedback about it.
Happy trading :-)
geula4x
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AUD JPY SETUP

The Daily Chart has just broken the Support of its large range with a bearish candlestick. This indicates the start of a sharp downtrend breakout that could take the pair to 88.00 in the next few days. The Range is defined by the Resistance at 94.17 with Support at 92,30.
This Range is also the Right Shoulder of a Head and Shoulders pattern seen on the Daily Chart. The Left Shoulder was formed at the Resistance 94,47 on September 19, 2013 and the Head at Resistance 95,67 on October 22, 2013
Ent…
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False Trend Break Strategy

Hello,
I've written an article about the False Trend Break Strategy:


You can read the article HERE.
I hope you find this strategy helpful for your trading! :-)
geula4x
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salamandra avatar

Thanks, good luck

ecoplace avatar
ecoplace 11 Dec.

good luck geula4

olchik0012 avatar
olchik0012 11 Dec.

+!

geula4x avatar
geula4x 14 Dec.

Thank you all! :-) Happy trading :-)

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