So I know I'm probably one of 10,000 posts saying "it has to fall now" while the Fed backstops everything every time and makes us all look like fools. I get it. I am mostly posting this here for posterity because I really just think this is it. If I'm wrong, I'll probably spend some time by the sea pondering whether I should ever do this again :D
So here's my...
GBPUSD potential bullish breakout from descending wedge after a recent period of consolidation around the support line of the wedge.
Will buy based on if the price on the 30 M both closes and opens above the line of resistance for the descending wedge and above the 200 SMA line. May decide based on price action if I'll wait to buy until seeing if the price is...
Trend going up for EURUSD , possibly to 1.1000. 30M to 1H candles show long term upward trend toward 1.1000 (zoom out on graph), while the near-term 30 minute shows upward channel after solid double bottom rejection and breaking through 200 SMA trendline of support. SL and TP noted. Just my view and I'm currently holding positions on this trade.
*New at this, please provide feedback or constructive criticism where you see fit, still learning some of the drawing tools so bear with me*
It looks like USDCAD blew through a resistance line at around 1.41496, but then blew back down shortly thereafter on the 30 minute. At the one minute level we can see that after breaking back down through this previous line...
