the upward impulsive move does not have enough momentum to maintain and price is likely to break the trendline and test level 1.14617 .level of potential entry being 1.16882
the upcoming week seems or remain overall bearish and seems to want to continue falling. We do not make the market but only predict it hence we know where it is going but we dont know how it is gonna get there.
from my analysis i predict that USDCAD will finally break the previous week's resistance as bulls seem to have shown signs of life on friday starting a series of higher lows.
USDJPY seems to have finished its correction ind is ready to continue with its bearish trend. we currently waiting on a retest combined with a candlestick pattern to confirm our break out.
AFTER this false breakout price will head higher price will continue to end the buy trend that its been on for some weeks now before sellers start to come in. I recommend tp 1 for small accounts and tp 2 of big accounts giving a minimum risk to reward ratio of 1:3+
EURUSD giving us a reversal pattern after the long awaited sell opportunity. in the following week we are generally looking for sell opportunities all the way down keeping in mind that the blue lines are strong supports.
GBPUSD has officially rebounded from our resistance trend line and horizontal resistance finally giving traders a correction where bulls are waiting to continue the over all bullish trend. out intentions are to enter on the retest of the support trend line and take price higher with the trigger from a bullish engulfer or hammer head allowing us to have a 200-300...
