Market is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to...
NZDCAD (Buy low sell high) Reasons to go long 1 the market rejected the 61.8 monthly fib level 2 market broke the daily trend line 3 the market is forming a head and shoulders on the daily as well as on the 4 hour. the daily high is not yet confirmed . the best way to Take advantage of this trade is to wait for the retest of the trend line. I'm wrong if...
1 On the monthly the market is in a up AB rejecting the 78.6 retracement level. 2 To confirm the market is bullish we need to break the daily trend line 3 the market to form a higher low 4 the market to form a new higher high My first indication is a fake out on the 4 hour wish indicates the market is bullish. daily hit the 127 Extension level so I expect a...