USDCAD ForecastIn the current Market condition we are now currently in the Descending Channel Pattern that gives us a probability to go in the upside. The Descending Channel is just an extension Pattern that indicates a short term upside but generally we are looking for the big downside movement.
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Purepriceactionanalysis
EURJPY ForecastIn the current market structure we are looking for a 3 potential sell setup
#1- In the current price there is a potential flag pattern formation that can break then form a ascending channel with a double top formation. We can enter on the 3rd touch or at the double top as risk entry on in the break of tiny rising wedge as reduced risk entry
#2- It can formed a big continuation that can push the price to the upside then form a possible rising wedge on the 3rd touch of the ascending channel then we can enter on that level for a potential sell entry
#3- It can also break on the ascending channel & touch on the daily trendline before going to the downside
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USDCHF ForecastIn the current market structure we can see an Ascending Channel that indicates a potential reversal to the down side
We are looking for a sell entry in this currency pair
Sell Setup #1: We can enter in the 3rd touch as risk entry or in the break of the bear flag as reduced risk entry
Sell Setup #2: We can enter on the possible double top formation
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*This Market Analysis is for educational purpose only. Trade at your own risk*
USDCAD ForecastMajor Pattern: Ascending Channel
Minor Pattern: Big Descending Flag
Conclusion:
There is a potential short term buy opportunity in the current market setup.
But in the bigger picture we are looking for a big sell off in this USDCAD pair.
Keep it simple & Happy Trading Guys!
Like if you agree :)
*This Market Analysis is for educational purpose only. Trade at your own risk*