For six straight days trading session, this pair was in a strong bullish drive as market speculators ensured price action was in a buyers
territory as they breached not only the falling deep wedge pattern
formation but also the previous resistance zone area around price level
handle of 0.876, now turned support area.To get more news about
WikiFX, you can visit wikifx official website.
Market participants are now holding at strong familiar supply zone and
resistance area and are pretty much waiting for the Canadas interest
rate statement, coming out just an hour and half before new york open
trading session and any actual number short of the forecasted digits
will see retest and breach past this zone by buyers as they expose this
supply zone as they target trading sessions highs of September.
Jasper Njuguna is a self-taught discretionary financial markets trader.
With cumulative 5 years experience trading the markets and out of which,
one and a half years of that as a prop trader, trading large and
mid-cap American equities at one of the DAY TRADE THE WORLD offices.
Prior to switching career interest to trading, I have 9 years of
experience in senior management roles driving small to large business
development and B2B relations in creating and implementing; learning
& development solutions, programs, organizational strategies &
frameworks, and blended learning approaches for companies and
institutions in Africa.
