A perfect chart pattern is in the making, i expect the price to bounce off the current level & move towards 1.67219, before making a bearish reversal.
The pair is forming a sweet symmetrical triangle pattern and we'll see a strong bullish move, also, UK's exit from the EU on January 31st will be taken well by the investors.
The pair have made a pullback from the trendline & we can expect the price to continue moving upwards. BUT DO YOUR OWN ANALYSIS.
Look for bullish reversal because price touched the trendline support.
The pair is currently trending upwards, like i wrote on my last idea, The pair will break weak supply zone and continue moving upwards.
Pair bounced back form the trendline support level and is making an upward movement, i expect the price to keep moving upwards. Do your analysis :) I wish profitable trading to you.
The pair has made a strong pullback from demand level, we can expect the price to drop to 0.89180. courtesy that the 70% of retail traders are long right now,
The USDCAD had previously made a pullback from an intersection of Demand and trendline resistance level which posts a high probablity of pair's continuation of bearish trend.
The price made a pullback from 1.29800 which will act as support level as price retract back.
This is a follow-up of my last post where i explained that GBP/USD will continue it's bearish momentum. The price is close to previous resistance level , i believe price will break through to test previous support level and make a reversal to the upside. But there's a slight probablity that it may reverse after touching previous resistance level, in that...
The pair broke the weak resistance level at 1.31041 and continuing it's bearish momentum while giving some easy scalping opportunities. The pair may touch previous resistance level at 1.29800 before a reversal keeping in mind the UK brexit exit on january 31st.
It's likely that GBPUSD will continue downtrend towards the support level, but look for bullish reversal afterwards.
The price has touched key resistance zone & i'm looking for a short trade on this simple triple top pattern, but do your homework before opening position.