market has formed a double top patter on 1H with engulfing bearish kicker
we can the market now with stops above the swing high
dont forget to like and share
Good Luck
CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its intermediate support at 8.5% where a corresponding rise ...
We can see a clear panorama with Elliott Wave, two objectives of the second wave that takes us to 61.8 or 78.6 Fibo, with the same goal in the Toshis would amount to, trx btc 772 SATOSHIS
We see a retracement up on Gold (XAUUSD) and the B point of the potential Bat pattern is passed - which makes the pattern "live".
If we look at, for example, a Daily timeframe (which may be too high timeframe to coincide with a trade on the 30min timeframe, but ...) it is in a down movement right now where the price just closed below a triangle preceded by a ...
AUDJPY is approaching our first support at 82.13 (horizontal overlap support, 50% Fibonacci retracement, short term ascending support line) and a strong bounce might occur below this level pushing price up to our major resistance at 83.56 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might ...
the pair has reached the high it established at the start of the year.
Confluence with a bearish gartley and an intra day double top in the resistance zone, and my immediate bias is bearish.
First target 110.85
Second target 110.00
Reasons:
-still missing clear bulling signal at weekly/day chart
-still forming bullish crab by checking the ratio
be careful with SL if u r longing now
Best luck!
