We have a 4 hour bearish butterfly as well as MAJOR QP and previous resistance. If we can see a double top at $125 we may have a formation of a bullish harmonic. Short term we are long till $125
we broke some major levels and if we can keep this trend up we will see $1.850
bullish momentarily and shorts coming soon
if we can break through the resistance we can for see $65.00 shortly to complete the bearish shark patters D leg. Stay Tuned
lots of confluences for the day to suggest CAD can go lower and meet the next quarter point. We also have the backside of the trend line that we are touching. Stay tuned for updates
we have broken a daily trend line and made lower lows. we have a pull back right now and expect to see further decline to the next QP
we are trading between QP : quarter points which are major reversal zones for price. Being that it broke a major daily trend line and has come back to retest that previous zone of resistance ; now support we can anticipate a bearish move up after a slight retracement. I expect further pull back then hitting our next TP or QP at 1.9125
clearing have broken and trading above quarter points and have a deep C retrecemnt which will lead us to a shorter D retracement at -.27 which coincides with a MAJOR QP. trendiness have been broken on lower time frames to confirm. Bullish engulfing with minimal draw back would be even more confirmation.
if we have a trend line break or engulfing candle we can expect it to go to the .618 or last resistance which has become support now.
xauusd shorts coming from a major quarter point!
we have a smooth break in the trend line. and we can expect re-tracement into the previous quarter point
shorts coming if we reject the trend line and we may see it coming down to the quarter point.