PRICE IS AT DEMAND AREA SHOWING REVERSAL TO UPSIDE SO WE HAVE MORE CONFIRMATION FALLING WEDGE ASCENDING CHANNEL , AND DEMAND AREA SO GOOD LUCKY
my thought on USDCAD is price is in descending channel at the end of that ascending channel double bottom formed its bounce it might go little down as the consolidations turns to a large flag but I'm longing it lets see
selling gold cz of multi touches and price is struggling 1975 area as the dollar is weak it might bounce up ,if it moves in heavy momentum (impulsive) we will wait it to concelidate so that we can buy it
as the price approaching double top and completes 3rd touch of bearish expending triangle as its continuation pattern and the price is in ascending channel reversal pattern good confirmations for sell good lucky on Monday
price broke the descending channel and then moved impulsively after that flag formed I see good opportunity to buy trade with caution
PRICE AT DOUBLE BOTTOM I SEE GOOD AREA FOR LONG
price moved heavily and its in symmetric triangle continuation pattern
as the price is at double bottom , reached the with descending channel good sign for buy , but there's a weakness of US dollar it might go down more . trade with caution
WHY AM I SELLING EURGBP 1. PRICE MOVED IN IMPULSIVE WAY NOW ITS IN CONSOLIDATION WITH LARGER FLAG (CONTINUATION PATTERN) 2. COMPLETED 3RD TOUCH OF ASCENDING channel WITH THE HELP OF HTF its showing bearish momentum
as price making double top with rising wedge I see good opportunity for sell the good thing is approaching area value in corrective way
keeping on eye on those levels as a potential short