Triggerpriceaction
gbpaud longThe price has reached an important resistance in the weekly time frame, which is known as FTR in RTM style.
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With the price reaching this FTR, the price at the end of the week was able to form a weekly candlestick with a high uptrend, which is towards uptrend.
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Within four hours, in case of possible correction, we can make a purchase transaction.
Multi-time frame TRIGGER PRICE ACTION The three driver pattern has been created in daily time and the price has moved towards the level of the first driver.
The level of the first driver is at the location of the weekly support area.
This area is drawn according to the weekly pivot, which is a pristine surface.
Also, by connecting the upper level of the 3 drivers to each other, a channel line is formed, which creates an ascending channel by moving the bottom of the channel to the source of the upward movement.
The price is now at the bottom of the uptrend channel, and since this is the second price encounter to this level, we can expect the uptrend to start at least 50% of the uptrend channel.
Of course, we note that the price can go down to 66% below the weekly support area.
There are knots in the way of rising prices that can cause a reaction
USDCAD SHORTThe price in an uptrend, in its last attempt failed to record a new high, and this could be a warning for the return of the trend.
At the moment, the price seems to be forming a diamond pattern which is a return pattern.
If our guess is that the trend is not bullish, we can think of a short trade in the area identified in the recent downtrend with the main support in mind.
EURGBP LONGAfter reaching an fresh demand area, the price reacted well and the price was able to break the structure of the downtrend and form a higher high than the last high formed.
In the recent downtrend, on the specified areas we can think of a buy transaction with the specified target and the protective limit at the end of the area.