EURGBP - Good long idea, we have currently created a descending triangle on the 4H TF, on the support zone we do also have a double bottom indicating potential bullish movement, i will be looking for a break and a possible retest of the descending TL before making an entry
USDCHF 4H we do have some divergence! and for extra confirmation buying momentum looks to be also slowing down as we have hit a resistance zone which when you link them both together it could indicate a possible reversal!
USDCAD 4H TF
confirmed H$S with the neckline line being at 1.31855 if we can break below this key level and close i will then be going short on this pair, we have currently had our first rejection off the 50 EMA acting as a dynamic resistance level with around 1hr remaining on the current candle if the candle closes how it is it will then be a hammer candle which...
GBPUSD my overall bias is still bullish, we have created a new low point around 1.23770 now when it created the recent low point it did end up going bullish so im assuming this could possibly do the same but for extra confirmation we are currently sat on the bottom TL of the descending channel and have had our first rejection to break below and ended up closing on...
ascending TL being respected and also stochastic showing were "oversold" both stoch% lines have crossed on the 20 mark so we could be possibly be looking at bullish movement very soon!
held this trade over the weekend, im currently in the minus atm but i still believe a short is possible, i see a shooting star that was formed at the top of a uptrend indicating a bearish reversal and also stochastic shows that we have been "overbought" for a while now so hopefully a drop will be on the cards!!
