Food for thought
everyone expecting reversal but in fact could be set up for strong uptrend to complete wave 5 scenario
watch carefully price action around the supports and resistance of fib levels
How to beat the market is to have an edge ...
USD/CAD first warning Bearish crossover ( Tenkan - Kijun lines of the Ichimuko
1HR chart already bearish but expecting up move to form double top
Will be watching to see if 4 hr turns bearish
Overall expecting reversal to come into play and turn pair bearish
Bullish Signal - Falling Wedge Formation ( wait for Pin Bar or break below )
Bull Or Bear Signal Price Action Sits on top of EMA-200 1hr time frame ( will it bounce ? )
Bearish Signal 10 EMA crossing down over 20 EMA ( will it continue down ? )
Bull Or Bear MACD sits on support ( will it break down or UP )
Wait for sure confirmation and tick off the above to...
NZD Grew in strength past 3 months with Wave 5 uptrend while USD was in corrective downtrend, USD seems to have found support and enter early period of Consolidation which brings my analysis to NZD ABC corrective downtrend....
Hi Trading View community,
My First Trade Idea Post newly joined ....
CAD/JPY perfect inverse head and shoulders formed over past 2 years
Price sits at neckline, will it bounce off and continue down for retrace and momentum or break through....
As for me ill keep watchful eye....
Will appreciate interaction/critic