CADCHF played out the short opportunity we predicted superbly. We expect a minor pullback to 0.74133 - 0.74075 region which coincides with our daily support now resistance before heading to our weekly support at 0.72611 region
I expect a pullback to 0.79584 region before opening another long opportunity. Watch the 4hr timeframe for rejection of the zone between 1.8 region or 0.79584 region for long positions.
Price broke above the daily 20ema and also broke above daily 1.68066. I expect a pullback before entry for a long towards trendline. Remember we are still riding the Swing short from our bearish gartley pattern.
rejection off 61.8 bearish trend price below 20 EMA
Bounced off 61.8 retracement and key weekly level .I expect price to proceed with the Short trend
Price bounced off the 50 EMA perfectly and also within the 61.8 retracement of the daily swing low. I expect the downtrend to proceed as intended. Intraday traders should sell on the break of the counter trendline
Factors that are showing a long continuation crossover of 50EMA and 20EMA reversal candle at key level Bounce from the current trendline Best thing to do is to watch how price on the daily will close at the end of monday
The trend is still bullish. Price might just pullback before rising further . Watch for rejection at 1.16019 for buy orders
EURCHF broke the support line and its on the verge of retesting before resuming . TREND: SHORT watching 1.1440 for rejection to confirm short position which might rally it down to the weekly SR at 1.11125
price bounced from daily 20 ema .now waiting for it to close below 1.56330 for short positions
Waiting for a rejection of the trendline for shorts(pinbar,engulfing candles ) or rejection of the 20 ema
Will wait for price action for trades. CURRENT TREND: STRONGLY BEARISH
Break of the daily trendline. Price below daily 20 ema(confirmed down trend) Price below Watch for short opportunities only on the lower timeframes
price approaching daily resistance and also forming a triangle. I expect price to fall back to 0.7396 when it breaks out of the triangle. I would place sell order near 0.7634 after watching price action
Buy Signals are: Bullish Gartley Pinbar Rejection from strong SR zone Intraday Long opportunity.
a buy opportunity for AUDCAD. Near 0.9623 would be a good place to buy. Since it is the weekly support zone
Price has reached a strong weekly resistance. Time for shorts