I will keep my description brief as you can see the key areas of the chart in the photo. Right now price has broken and retested successfully an ascending channel pattern. Price is moving with heavy bearish movement down to a key weekly support zone price area of 1.07300- 1.07100. There is what appears to be a broadening descending channel chart pattern forming...
On the photo you can see all the price levels. Overall USDCAD has been strongly bearish movement but price has a had a short term bullish move. Currently I am seeing a bullish flag forming. Price is coming back to a very strong Weekly and Daily support area. I will be looking for longs at this price Lvl as I believe we might see a reversal in trend. Also we have...
FX:USDCAD I am looking for longs as price is creating demand on higher TF. BUT price is struggling to break resistance Lvl of 1.36650 and I am also seeing a H&S pattern on the 4HR TF. If H&S neckline break is successful it could potentially have price break through Daily OB for strong bearish move down to 1.3500. Let's see what happens.
FX:GBPUSD Looking for longs for a ratio of 3R The 4HR we have a triple top that has formed so price most likely will do a small retracement to price 1.27150 or below to 1.2700 as there is strong support in this area. I will then be looking to go long all the way to price level 1.28400 as there is a huge 4HR supply OB. If price fails to break triple top I will be...
Current trade I am in right now. Price will move down 1.3600 level. From their price will most likely try and push back up. Be aware on 4HR and D time frame price is bearish as it is making LH and LL.
FX:EURUSD Here is my outlook at how I see EURUSD price action. overall price is bearish on 4HR with LH and LL. Daily is also bearish failing to make HH and HL after pushing out of a strong resistance level. On 4HR price has respected a previous supply zone and appears to be breaking to downside. I will be getting into a short at 1.08450 looking for TP at strong...
OANDA:EURGBP Hi everyone. Look for shorts. Here is my outlook on price action. 4HR/Daily/W is bearish with LH and LL. Last week ended on the Daily with a massive star doji under major support lvl. Price definitely formed a H&S pattern and the neckline was broken on 4HR and Daily. Neckline was a very reliable support zone with over 20 touches. So to have this...
