mutchinyampho

mutchinyampho

Check previous GBPCAD post for weekly and daily analysis. I now found a resistance trendline thatprice is approaching and there is a lot of sell sensitivity on that trendline, price touched the trendline yesterday and dropped. I Antipater price to drop when it touched it again. The possibility of price dropping is quite high

mutchinyampho

Looking on the weekly timeframe, we are in a downward trending channel It bounced of the top resistance trend line and had 5 consecutive bullish candles. On the daily we see that there is a major resistance zone around 104.400 and whenever price reached that support level It came straight up. Im anticipating a breakout above the downward channel on the 1hr and...

mutchinyampho

Strictly technical analysis. observing on the weekly time frame we can see that it is consolidating and price bounced off from the top meaning I was looking for selling opportunities and it did go lower. Now the market is correcting itself if you look down on the 4hr and daily it is forming an uptrend. It could possibly break below and make an impulse move to the...