This zone looks better than my previous one on the CADJPY. It has everything I looking for except trend. It is sideways. So, I'm at the extremes with this supply zone for a possible 3:1.
I used support and resistance on the 4HR timeframe to see where price could go next. My analysis shows that it may be bullish if it does bounce off of the support trend line. Plus I will be waiting for confirmation before I enter the trade. Let me know what you guys think.
This is my first time publishing a strategy so let me know what you think of my analysis, I used trend lines and zones to mark the support and resistance so I can have an idea where price could go on USD/CAD 1HR and 4HR time frame.
This pair can go either way but I am more inclined on the sell! Look for sells!
Symmetrical triangle, bottom is being tested, wait for confirmation of bullish candle and buy. BANG. Money!
We find GBPUSD in a 4 hourly bearish channel. Following an exhaustion to the up side, we will be looking to jump onto sells as we see upward momentum being lost on the 1h timeframe. Sells will be entered upon retest and denial of the 38.2% fib level as shown, where we could see a big push downwards to the 1.22270 price level. We find this to be a high...