Bull are in control, all we see is continuation movement to the upside.market structure shows itself.
A retest of a broken support if upto be tested.
weekly bull order block.
since US Oil is moving up then CAD has relative strength against other currencies.
Price stuck and bounced at major demand level and formed a rejection candlr pattern + a inverse head & sholder.
US$ INDEX has touched a third time on a upper channel so we expect US Currency to be weak for a couple of weeks down move being the anticipated direction since a perfect pin bar has be establish on the US$ currency, so on the major pairs lets expect to buy them on a buy structure formations.
It did broke the resistance so it obvious it will retrace to test the broken resistance as support then continue upward momentum. Just keep tracking the pair and buy it at the base.
We see a head and shoulder pattern on H4 and a pin bar on D1 and a reversal pattern at support of d1
WTI, we gonna sell it since it has over extend the H4 overall it was a D1 retrace
Three touches on a rising wedge on down structure always must fall lower.
A double top from tha major resistance, so price will break the minor trend and retest towards to the support leve.
On weekly time frame NZDCAD shows it completed a retracement/consolidation period and now its in a continuation of upward movement towards the next resistance zone. Understanding the market psychology is a core element of being a pro trader who can swing and hold since the market structure is most important in analysis and the top down analysis,.
A retest then a continuation to the short side. According to the market cycles still there are more pips on the down side.
Price reached resistance and now price is dropping. i follow technical