Price is yet inside the long channel holding since 2018, we've had price touches the upper bound of the channel severally with rejections. We've this BEARISH FLAG on the 4H/1H chart with a 61.8% Fibonacci retracement inside the FLAG. I will be looking out for the retest of the 61.8% Fibonacci at 1.1320, if we can see a 4H rejection candle in the zone for possible...
We are yet above the downtrend channel holding since 2018 till date, we broke above this channel June 1st, we have a retest and rejection in the zone which set price higher to 124.40, over the week we have price a BEARISH FLAG formed on the 4H chart, which we broke below on Friday with reversal and we saw some rejection at the lower bound of the FLAG, which is a...
GBPUSD is generally yet in a downtrend in the big picture, we yet have this ascending wedge to be considered which we broke below Jun 23, 2020 and still below, we then have a mixed of BULLISH flag we broke above several holding resistance zones marked red in my markup, we broke above these resistance zone, we had a retest,which set price higher and we now have a...
Taking a look at the big picture of EURCAD we've this BULLISH FLAG which price just broke above, with a confluence of an ascending triangle. A possible break above 1.5450 in the coming days or weeks and retest will set price higher for the next BULL RUN with long term target at the next level of resistance at 1.6000
I've been talking about this possible CADCHF big sell off over weeks now, i think the big sell off will be a run quick to the downside as we've seen 3weeks of consolidation or accumulation since June 4 till this moment.. In my markup we've the BEARISH FLAG which we just broke below with a confluence of descending triangle. I will be looking out for a break below...
We've this long holding channel of NZDCAD which we just broke above the upper bound of the channel, we are almost getting to the zone marked RED in my chart a zone where supports turn resistances in MAY 2019 which set price to trade lower for a year and we are now getting to the zone. Probably we will see some rejection in the zone for possible double bottom...
I've been talking about this GBPUSD for about 4 weeks now, and the need for price to take out the resistance zone @ 1.2520 retest an hold before we can see more upside, we have price get back to the zone on Thursday and we saw some rejection but it's clear that price is really struggling to break above the zone again.. On friday we are approaching the zone again,...
POSSIBLE SELL IF WE CAN BREAK BELOW THE BEARISH FLAG IN PLACE.. THE OVERALL TREND IS DOWNTREND.
We've a number of possible scenarios from EURGBP trading Fiboancci prior on this pair, a break below 0.9000 and retest will set price to trade lower, which will also be a break below the BEARISH FLAG we have in place, which make a 61.8 Fibonacci correction to the upside,that's a confluence there and the next zone will be the target @ 0.8870 While a break up...
We are having this consolidation period after the MAY/JUNE up run for EURUSD, in which the consolidation period is forming a BULL flag, which we need a break above to set price higher, with 1.1350 zone as the next level of resistance, and which possibly a break above will set price more higher to the upper bound line of the MULTI YEAR WEDGE around 1.1600. On the...
We've the first sell POLE and a few month of FLAG which can be considered period of accumulation, the FLAG turn back from the 61.8% Fibonacci and i've two layer of the lower bound of the FLAG channel lines... We've price break below both lower bound line of the FLAG retest and hold.. I'm thinking we are about starting the BIG SELL OFF as the next POLE which i...
We can see price getting out of the long holding flag to the upside, really as i've been expecting or waiting on for weeks, I think price is getting ready for the next BULL RUN to the 1.6000 as the next zone of resistance for long term target.. I will be looking out for a retest and rejection of the 1.5280 zone then we can take a long position in the zone...
I've been following the pattern formed on GBPAUD for months now, We have a pole and flag over the years which we just break out of the flag retest and held the lower bound line of the channel flag nicely.. With the outlook i think we are heading out for the next bearish pole run to the downside.. Price is approaching a level of support @ 1.7741 where price...
We have price get back to point i was talking about last week ,the several holding resistance point on DAILY CHART, with rejection off the zone, which make Us break below the uptrend line in place and also below the ascending wedge we've in place on the 4H chart, this tell that the BEARS are in control of the market. A pullback to 1.2455 zone with 4H rejection...
On the DAILY and 4H chart we've the RED marked several resistance holding zone which we break below with a DAILY and 4H chart BULL flag following the last bull run, We've a deep retracement correction of the last bull run to the 61.8Fibonacci level which is the red marked CIRCLE on the chart. If we can see a break of the BULL flag, also a break and retest...
On the DAILY and 4H chart we've the RED marked several resistance holding zone which we break below with a DAILY and 4H chart BULL flag following the last bull run, We've a deep retracement correction of the last bull run to the 61.8Fibonacci level which is the red marked CIRCLE on the chart. If we can see a break of the BULL flag, also a break and retest...
NZDCAD is looking kind of interesting right now, we have price back and chopping in the upside of the downtrend channel with a clear double top outlook where have not traded since Dec 2019.. Things looks more interesting on the weekly chart with a kind of tweezers top formed off the last 2 weeks candle, which can be considered a reversal pattern. If we take...
We have this recent RUN UP in NZDCHF, after breaking out of the range bound market we have from March through May, we break out of the range bound in late May, we have some run to the upside with a channel we break out and now back into the channel.... I'm looking at price moving down for a possible retest of the range bound resistance zone at 0.6000... Also to...