25 Aug Weekly Forex Review (August 26– 30 August 2019)
Weekly Forex Forecast
1: HOUR
Very strong bullish reaction on friday.
4 :HOUR
Bearish waving market with several pullbacks to the upside.
DAILY
Price overbought right now, good short entries and risk reward.
OVERALL
Waiting for a last push to the upside taking out several short holders with stops above
previous week/consolidation zone highs and expecting prices to push back to the downside afterwards.
USDCAD Still holding a short position after seeing the rejections on the daily chart!
The weekly chart . Price broke under the 200 day moving average and came up to retest it! Now it should fall!
The Daily Chart has bearish RSI Divergence as well!
I will update you about everything, be patient.
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