NikaJourney

NikaJourney Updated 

EURAUD has been ranging for quite some time. It's been ranging for so long, that it created an ugly inverse head and shoulders patterns within it. This may be giving a possible indication where the market may move once the breakout begins. Since it's inching its way up, I'm looking to go long for the swing trade. A bearish harmonic was formed thanks to the news...

NikaJourney Updated 

Price is currently stuck in a zone. But what's exciting is the big bearish harmonic that has formed from price respecting the monthly SR at 126.053. So is this a signal of the uptick ending or is it just a retracement for the continuation? My suspicions is that this current bullish run is just a large flag formation until price is ready to continue down. But...

NikaJourney Updated 

Bearish channel continues to be respected on the EURCAD. A retest for the weekly SR is due now that we have a bearish engulfing candle on the daily suggesting that market has broken out of it's range. Since the range lasted several days, looking for the bearish move to continue lasting several days as well. TP levels are is the next daily and weekly SR levels...

NikaJourney

The EURCAD is showing signs of divergence it's gonna make another move up. Heavy wicks are showing signs it has found a tough support it can't get past. I believe it's going to head for the monthly resistance again to see if it can break through one more time. The only other option I see is that it will continue down to complete a harmonic before the long rally back up.