this on the lower timeframe market looks like it changed structure
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Nas100 has given us a clear selling pattern with multi touch which indicate for a sell as we have rejected at our patterns resistance and our horizontal resistance
looking to go long on this market is at a buy zone
third touch on uptrend trendline and a retest at support which lines with fib
market is in a bullish market created a bullish flag market broke of the trendline resistance creating a minor uptrend trendline looking for market to continue going higher
ON THE DAILY WE HAVE A UPTREND 4HR UPTREND TRENDLINE PULLED FIB ON THE 1 HR TIME THE FIB LINES UP WITH A SUPPPORT / RETEST OF PREVIOUS SUPPORT
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rising wedge with a retest to possibly move lower
Looking like we have a ascending channel indicating bull are in control with a impulsive leg then our correction pattern to continue higher , we now broke the resistance trendline of the correction and retesting now . all we need is a good indication by candlestick confirmations to go higher
WE BROKE THE 4 HOUR UPTREND AND NOW WE RETESTING IT , CAN WE GO LOWER NOW
We have a beautiful setup where market created a falling wedge which indicates we will have a continue higher or we will reverse into uptrend . we got our break out now we waiting for market to come down for a retest then give candlestick to confirm a buy postion
FX:GBPCAD Gbpcad is looking good for a buy reason : we can see a on the 1 hour there's correction to go higher market failed to break lower than 1.75000 and then created on the lower times like the 15min a correction such as a falling wedge this can impulse higher