The market is getting clearer! Do you agree?

I really think so, after a few weeks of wild movements, it looks like finally the market is giving us clear moves, plenty of currency pairs are tradable and most of them are trading in between consistent support and resistance levels, which makes it easier to find low risk opportunities.

Do you see the same thing, or is it just me?

For instance, the AUDCAD traded in a short term range for a few weeks, but now it broke the bottom of the range giving us opportunities to look for short opportunities:

I favor two scenarios on the AUDCAD:

A. It could retrace back the ST resistance level, wait for the signal and go short
B. Break the bottom of the range, retrace back and wait for the signal to go short

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .