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price is at its daily support looking for potential reversal if price fails to break support W formation on h1 time frame
with confluence of rigecting daily trend line ....break and retest ..Fibonacci....
I'm looking for this great set up as it will hit .50 fib retracement as well.
CADHKD has spent the last month consolidating and has now broken above the 5.74200 range that has been tested as resistance several times. Looking for a pull back into this range and rejection. Short/mid term targets are marked on the chart. Happy Trading! -Nick
It can go up to chase resistance, and it can spike down then up...or cruise itself down. Bearish interests, attention for 5, 71537....to what may happen there. And if price reverses to break above the dsl line then the set-up will be invalid.
LSTM neural networks generated a bearish signal for #CAD_HKD
CADHKD reached the bottom of a range in 2016 and since has made 2 higher highs and 2 higher lows Price action in January 2019 reacted bullish to an original Demand Zone created in March 2017 Will add to position at pullbacks and take profit at Supply Zone
Monthly low on curve. Reaching demand zone. to go long only Weekly downtrend. but all supply zones seems to be weak. prepare to go long Daily to go long at strong demand zone with big impulses.