JaisBredsted

JaisBredsted

After Brexit price was breaking up through the long down trend channel we can now see the price is forming a double top and is overbought on RSI 14, 4H so I suspect it will take a rush down to test the old trend channel.

JaisBredsted

Possible trend reversal. Double bottom emerging

JaisBredsted

long at purple resistance line and supplying/doubling at red trendline

JaisBredsted

I will go short on USD CAD since it is overbought on 4H and is hitting the right shoulder in a H&S formation

JaisBredsted

I will go long if rejected at ALL TIME LOW

JaisBredsted

will go short if rejected at trendline

JaisBredsted

I will go long if the price bounces of the red trendline. If the price goes up I will watch the 4H candles at the purple/bearish trendline. If it goes through and closes on the long side I will see of it goes up and tests the next red/bullish trendline.

JaisBredsted

Double (almost triple) buttom and I think we will go up and test the bearish trend channel so I will take profit there and I will supply once and if it breaks through 109.365 support.

JaisBredsted

I think it will seek towards the old trendchannel so I will consider a long

JaisBredsted

Since the Brexit was a big surprise the first move post Brexit was huge since the markets had almost adjusted to a remain. The pull back was therefore also bigger, but IMO not an indicator that we get back in the up-going trend channel pre Brexit. So I will look for a rejection and then short.