ETH is in an overall consolidative phase and ATM near the DTF trendline support and also broke out from a descending channel, looking at the 4HTF we can clearly see some potential for a bullish move as the 4HTF candle that broke out from the channel was a strong momentum candle, Going down to the LTFs ,we can see a bit of consolidation but a break above will be...
CADCHF is in a channel which seems to be heading to more bullish direction,Price is at the time of writing at the channel support area and oversold on the 4HTF, Now, moving lower to 1HTF we can see that there is a possible formation of a DB pattern , moreover, there is a divergence on the hourly too, we can anticipate more bullishness from CADCHF But if we have a...
Price on the 4HTF has broken a trend line support and back for a retest, Now at the area of retest we can see that it is a key level that has been tested multiple times in the past and the overall trend is seemingly bearish, Some might even look at the overall pattern as a Heads & Shoulders patterns.
CONFLUENCE 1: HTF Trend line break
CONFLUENCE 2: Price is below...
Watch out at the retest zone for the possible formation of either a bearish pattern or a momentum candle on the intra day TF signaling a confirmation to our directional bias down till possibly the fib Golden level which is 50% -61.8% Levels.Stay safe and not chase trades, let the trade come to you. Good Luck to us all.
As the dollar is looking bearish,we can expect EURUSD to be on the bullish side,but only after a breakout from this zone can validate the bias or otherwise,But looking at EURUSD now,price is currently at a Fib golden level which can be added as confluence to the bias,More so,A bullish Breakout from the zone will affirm the sentiment as price will have to go...
CADCHF Has been in a downtrend for quite a while, looking at the chart from a wide range POV,It seems the trend is now depleting and poses to give us a possible bullish rotation, but for that to be confirmed(Conservatively),we need a break and close above the immediate resistance, but an aggressive trader might wait for a pullback from the current impulsive move...
