USDCAD is currently pushing to the upside, reacting to to 61 fin extension on higher bfs. TP is in confluence with with 2 overall structures of the 3rd touch. looking for 300+ pip move once ABCD is completed.
UJ has been in a very corrective phase since mid Aug. measuring the previous impulsive leg, it is in perfect confluence with my M key level and tp. Not convinced it is headed down just yet, since there is a very corrective phase currently happening on the 15M
- 1,2, 3 drive , with touch of TL for 3rd time. - the drive is in confluence with 78 Fib extension. - multiple rejection wicks to the upside on 30 min tf. - bullish corrective flag forming on 15 min tf, expecting an impulsive move. RR is worth it, even though you barely trade pound pairs.
Bullish flag tapped 3x corrective nature bullish wicks on lower tf RR is worth it.
Expect strong bullish momentum, or long corrective phase, then even stronger bullish momentum once -27 is hit.
We had a strong impulse to the downside and now we are currently on a corrective phase. Waiting for the 3rd touch of the corrective channel and TL.
Looking at the higher TFs, we can currently see that we are in the corrective phase, with an impulsive leg in the works. Looking at the weekly, it seems as if we have gained some great bullish momentum, however, I believe that this is to get most traders trapped on the wrong side of the market. Analyzing the overall weekly structure starting from August 17',...
possible symmetrical triangle in the works for OIL. Good chance of a strong bullish move to res.
Here we have a strong descending channel on the 4H. GA has already touched the upper and lower channel twice, so we are awaiting for 3 touches from the top and bottom. I have 4 confluences for my strike zone of 1.805. The 3rd touch of the upper TL, 78 Fib, Psychological level on 1.80500, S&R highlighted in blue (which also matched 78 Fib) ...Possibly can go down...
Falling wedge pattern along with weekly bullish sensitivity....Brexit news could spike it up ???
CJ has already made an attempt multiple attempts to break 80.750 but has failed. 2 months ago we managed to break that level, however, since then, we have been drastically bullish. Weekly and especially on the daily time frame, CJ has been struggling to break 83.000 with multiple spikes to the upside. I believe this is CJs last attempt to touch 78 Fib before it...