this is a simple candlestick, momentum and trend continuation trade.
Price breaks out from a consolidation box upward and returns to retest the zone above the consolidation.
price maintains an inclined resistance to the downside but an inclined support going up. Prive eventually breaks out bullish. We take profit in the next zone.
Price consolidates after breaking out an uptrend channel and breaks out from the consolidation and retest the resistance above the consolidation.
Price just breaks out from an uptrend channel and starts to consolidate. Price hits resistance and refuses to go further. Price action indicates a lower high signaling a trend change.
Price hits resistance and refusing to break beyond . thereby reversing the uptrend into a downtrend.
audcad is in a 4h bullish channel. Price is consolidating on the lower part of the channel refusing to break below.
After price hits its highest in the past few weeks at 142.715 due to the up trending markets. Price breakout into a downtrend and continues to falling lower after getting to a major zone, retests and finally breaks it. TP would be the nearest zone of course...........
Markets have been mostly bearish recently overall. A quick short sell of 91 pips. this is a simple break and Retest of major zone !!!