Confirmations: - We´re are in a Correktion in the Daily Chart - In the 1h Chart we have a finished bullish Sequence - Doubletop at the (Targetzone) + (0.71-0.785 Level)
Confirmation: 1. Trendline 2. S/R Zone 3. Typical Pricetrap for Breakouts 4. W-Formation
As we can see we still move in this channel where support&resistance is respected. I expect a downfall to the bottom support and with the rising pressure over UK economics a brakeout to the downside.
TRADE PLAN: sell after fail break out and back into the down trend sell only from red line --------------------------------- buy only after bounced below trend line but the sell possitin more actually so we wait for sell opportunity
nice possition in cadchf after dayle close candle we can confirm the sell
o Expecting to go up o Sellers running outta steam o Buyers bout to be on roids I will adjust profit targets as I watch price action and change price targets accordingly. lets get it.
Spotted a Descending Traingle on USD/CAD. This is a quick TA , nothing special. I don't like to over complicate things, just my style.
Trend still bullish. Ride the wave, easy pips.
On the 4h chart you see a clear downtrend. you ready to enter?