Market is forming AB=CD pattern market is in accumulation phase, if it break the rectangle it can easily test the weekly strong resistance level
Market is completing AB=CD pattern market may test weekly resistance level of 1.46
Market is testing strong weekly support level followed by formation of Bearish Wedge and AB=CD pattern. it depicts if market is unable to break the support level, then it will bounce back and make series of HH and HL.
There are two Trade Plans; LONG : If the neck line is broken, we can go for buy opportunity Evidences: AB=CD pattern , Formation of Cup and Handle pattern SHORT : Due sentiments and formation of bearish divergence on 4h time frame rejection candle (Shooting star) on strong 1h time frame. if the support is broken, we can look for sell opportunity.
BULLISH INDICATION: 1- sentiments are high for the pair NZDCAD currently 92 percent of traders are buying this 2- Bullish Divergence matured on 1H time Frame 3- Market has also formed inverted hammer on 4h time frame near it support level of 0.81662
Bullish Indicators: 1- Sentiments 2- Formation of Bearish wedge 3- Formation of Inv. Head And Shoulder 4- Divergence on 4H time frame
Bullish Indicators: 1- Completion of AB=CD pattern 2- Formation of Bullish Divergence 3- Market making HH and HL 4- Trendline respect 5- Fib level respect 0.236 on rally from A to B 6- Neckline break of Inv. Head and shoulder pattern
Bullish Indicators: 1- HH and HL 2- Inverse head and shoulder completed 3- Formation of Bullish Continuation pattern 4- Formation of Bearish Harmonic Pattern 4- Market break strong support level of fib level of 0.5 coinciding with manual support 1.27416 5. Market has also tested trend line support 6. Market shall project to the level of 1.29546 as per harmonic,...
Bullish Indicators: 1- Series of HH and HL 2- Hammer on 4h time frame and trend line support 3- Market respecting Fib support level 0f 1.06050 4- Completion of AB=CD pattern indication of end of reversal zone 5- Market has already formed divergence on last LH and LL 6- Formation of Inverse Head and Shoulder Pattern
Bullish Indication: 1- Trend Reversla 2- First HH and HL printing 3- market has broken trend line
Bullish Indication: 1- Formation of Bullish Divergence 2- Formation of Bullish Bat pattern 3- Formation of Bullish Engulfing candle at LL 4- Sentiments
Bearish Indicators: 1- LH and LL 2-Pinbar at trendline rejection 3- FIb 0.382 Resistance level respect with trend line 4- Bearish Flag pattern 5. Sentiments
Bullish Indication: 1- Trend line break 2- Formation of divergence, followed by double bottom shows trend reversal 3- Market respected support level with Hammer candle and englufing candle on 4h Time Frome 4- Formation of bullish continuation flag pattern with projection
Bearish Indications: 1- Series of LH and LL 2- Bearish Continuation flag Pattern
Bullish Indication 1- Series of HH and HL 2- market has shown Bullish divergence on 1H Time Frame 3- formation of Inverted Head and shoulder pattern 4- trend line support 5- Rejection from trend line with formation of Bullish engulfing candle at trend line support
Market making series of HH and HL, projection taken throuhg ABCD pattern. Entry price on break of HH and HL defined. TP as per projection and RR of 1:1 and 1:2
Bearish Indicators: 1- Market is taking correction from Fib level of 0.5 2- Formation of hanging man with tweezer top candle stick pattern 3- Series of LH and LL along with trend line 4- Market in sideways, seems like it will break the pole and as per projection it will take bearish move.
Trend Continuation pattern 1- Series of LH and LL 2- No bullish Divergence 3- Trend Line rejection 4- Fib level respect seems for 0.5 5- No bullish divergence 6- Parallel channel 7- Formation of Bearish Flag pattern