Higher time frame level. Yellow arrows are possible scenarios for bullish price momentum. We are right now in middle of this higher time frame range. And still no signs about bearishness.
Weekly chart
- Past 5weeks candlestick bar in range after strong bull 7weeks before.
- Pin Bar formed after retracement.
- Range inside bar with bullish probability.
Daily Chart
- 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018).
- Clear Sideway Range with 3x bullish pin bar formed.
- Reversal bar formed recently at Daily S1...
Price move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement.
We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line.
Hence looking for a affirmative signal to buy this pair.
As we are on Dollar/Loonie daily chart and as we can see this market has tested the broken range we discussed on 28th of December 2018 (link: ) and on last Friday daily session closing market has made Bearish false break pin bar here with the confluence of long term bearish trend and horizontal resistance level 1.2663. we will be getting in short here. Let's see...
Here we are on Euro/Yen daily chart and as we can see this market is trending higher and we have seen in recent weeks that this market is giving bullish opportunity on pull backs. Again we have the same scenario here. This market has printed Bullish tailed bar in lined with good confluence factors such as Bullish trend, Static horizontal (new) support, 50 ema...
