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Day: December 10, 2017
December 102017
GBP/CAD Reverses to Form Double Bottom on Weekly
Following a failed descending triangle formation, the pound is now clearly trying to reverse its long-term trend versus the Canadian dollar. The impending switch to an uptrend is signaled by the double bottom pattern on the weekly timeframe. You can see the bottoms and the neckline marked by the yellow lines on the chart below. The cyan line is my entry level positioned at 10% of the pattern’s height above the neckline. The green line represents my potential take-profit level and is […]
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December 102017
Forex Brokers Update â December 10th, 2017
The last two weeks have been quite busy in terms of brokers’ updates. We have listed three new companies: Markets Cube — a shady unregulated Cypriot Forex broker with $5,000 minimum account size, 1:100 leverage, and Sirix Station as the trading platform. They claim to accept US traders. Markets Cube Global Market Index — an FCA-regulated MT4 broker with $100 minimum, maximum leverage at 1:200, and competitive spreads […]
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