Arashbas

Arashbas Updated 

if we look technically it can form cup and handle im more bearish but if price supported it can go higher

Arashbas

chart is clear - harmonic pattern - sharp move needs correction, 0.382 - 0.5 ....... - volume rsi divergence

Arashbas

This overview is only bearish, if price go higher than 80 we see higher price, we are in an important price zone in higher timeframe and dont forget fundamentals, news, big players..

Arashbas

everything is clear on chart hope it follows the setup in higher timeframe we are bearish.

Arashbas

As you know cad has high correlation with oil and right now oil are indecisive (short in my opinion) -CADJPY Higher timeframe shows us downward move. -Divergence+ -short senario : it moves inside triangle -long senario : it moves inside parallel channel in any direction it moves we can open multiple positions (pivot touches rule)

Arashbas

cup and handle is not a typical pattern but i see it a lot😎 . we have divergence . volume might rise . wyckoff is rising

Arashbas

Nothing to say everything is clear corn market may have a different technical behavior, lets see

Arashbas

Based on gann box and fibs as you see it pass the 0.5 fib maybe touch 0.618 fib then start its downward move . good luck (oh sorry luck is not work here)

Arashbas

There is a high probability of changing in direction.

Arashbas

- Simplicity is beautiful - Long positions are subjective

Arashbas

. Cup and handle is forming . trendline strategy shown . Major pivots shown

Arashbas

So we need to wait and see what does price do with lower channel of trendline, if it gets back to the channel we could see upward movement, otherwise downward. "i think its a sell pressure, and we will get back to channel." in case of long scenario, we will see price will touch minor pivots. and we could open positions due to this collisions and price action...

Arashbas

Correlation between DXY and EUR/USD "and tradingview wont let me publish because it is short description, now its not😃 "

Arashbas

Trend is our friend, dont move against the current. It also have the fib confirmation.

Arashbas

There is a chance to see bottom of the channel, it may also do the range, otherwise straight down. Patterns are illustrated.

Arashbas

Just technical, could change due to news

Arashbas

What do you think?

Arashbas

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