NZDCAD has broken out of the uptrend creating a major head and shoulder pattern this signifies major change in market direction. Price has broken a key level of support and is looking to retest the support as resistance for further down momentum. Wait for a retest at the recent level that has been broken to continue short.
NAS100USD has maintain the uptrend on a daily timeframe and is looking to continue the uptrend. Price has broken out of the downtrend and has created a higher high breaking recent resistance. Price now has pulled back to the resistance and is looking to retest as support to go long, wait until price break out of current downtrend and retest the 61.80% retracement...
USDCHF has tested the descending trendline multiply times and has failed to break above for me this signify that sellers are still in control. Price also created a temporary ascending trendline but was broken and is looking to retest and go short at the 0.91509 area.
XAUUSD has broken the downtrend and is looking to possible go long on a 1 hour timeframe, price has also tested the ascending trendline and has created a double bottom. Price has broken the descending trendline and is retesting the 61.80% retrace level to go long.
CADJPY has created a reversal pattern of a double bottom and has broken out of the downtrend. Price has broken the down trendline and is now looking to retest the resistance as support, best entry would be at the 61.80 % retracement level wait for rejection at that level before buying CADJPY.
The CADJPY Pair is now looking to Retest the Support Zone after a Break was Made. The Pair has created a Higher High and is now Retesting the recently broken resistance Level as Support at the 79.767 Buy Zone also 61.80 Retracement Level..
