After a clear break from our trendline, we should be expecting a retest for a short opportunity to the downside back to our next imbalance demand zone! We wait and catch the move. Don't forget to follow me on twitter for more daily updates.
We are currently targeting a long position on USDCAD
- Price already completed the AB=CD pattern
- H4 chart already showing divergence
- Wait for the break of the TL and go Long till 1.27472
- Stop Loss should be place at 1.24917
GBPNZD finally escaped our resistance trendline without touching our support trendline.. We would wait for a retest which might probably take us back down there.
Looking back at our previous analysis for this pair, we can also see an inter trendline within this pair... Should be a good opportunity to take advantage of