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Technical analysis Vs random price action

hallo traders and community members ..
Some times technical analysis doesn't work effectively or efficiency , random price action became behavior
for some Forex pairs , oil or even metals .
so that the best trading strategy when you feel that price walk randomly is following the price , when price go up buy
and when it go down close buy and open sell and so on ..
i think following moving average 100 or 200 close above and below is good strategy to avoid the false signal that producing
by moving …
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USDCAD

usdcad before continue up trend there is a correction , usdcad correction may be go to fibo 38.2 1.2080
so that its good to add Long posittion 1.2080 beacause there is fibo level and short broken trend line the price will try
to retest it ..
good luck
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CADCHF

Hi traders ..
cadchf current rate in range 0.7704
no one can deny that CADCHF will continue rise .. during up trend theres correction
i think that today cad chef will correlate then it continue its up trend . and i think that correction it will be the weekly low .
0.7655 > fibo 38.2 and its good to re-buy @ this level .

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locked 10 May

traders who open sell positions ..they can close sell position @ 0.7655 or the end of day ( which first ) .

Olga18375 avatar

Good luck!

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locked 11 May

thank u

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USDCAD

hi trader ..
may be try to make double top (H1 time frame ) .. the following is the major points ( price level on the chart :
1.21666 ---> fibo 61.8 its good for sell (i think it will be the weekly high ) ..and ur stop loss will be @ 1.2200 ( above previous Resistance )
1.2124 -----> fibo 61.8 its good for Taking profit .. i think the price will breake it to go the next support line .
1.2041 -----> fibo 61.8 its the second support line and its good for take profit .
thank u

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USDJPY forecast

although candlestick pattern that tell us the price will move up ..i predict that usdjpy will continue to down .. i forecast double top formation and i predict that the price will reach to double top target
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USD CHF = up trend

usdchf will continue its up trend to 1.000 and close above it through this week or the next week maximum .
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