25 Aug Weekly Forex Review (August 26– 30 August 2019)
Very strong bullish reaction on friday.
Bearish waving market with several pullbacks to the upside.
Price overbought right now, good short entries and risk reward.
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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