The price has broken a previous SUPPORT on the D1 and has turned into a RESISTANCE after a retest on the lower timeframe(H1, H4). With the fundamental analysis saying dollar is stronger and a lower than expected CPI on GBP on Oct 16 further solidifying the move down
After a big bullish move in August, we are seeing a retracement in the first two weeks of September which has retested the Lower High and hit a daily FVG. Follow for more
USDCAD has broken the long-term support and has retested it turning it to a resistance, the price is also testing the dynamic 200 Exponential Moving Average. Just wait for a structure shift on the lower time for entry. Follow for More
The support area has been retested many times if broken we would have a long sell ... Let's watch how is goes ... follow for more .. Happy Trading
Retracement to the 61.8 fibo level respecting a trendline ....
With the the 50 percent fibo at a resistance level after the long short last week this week will be the week for retracement and retesting so we are waiting for a confirmation and change the broken support to resistance b4 we can enter a short ....
wait for the candle to break below thr support and confirm it as a resistance before you can enter .. Follow for more
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Form a doji on the H4 timeframe at a broken resistance now retesting as a support and also confirming on the 50 level Fibonacci retracement .. 3 solid confirmations... follow for more
retraced and retested a trend line and the 21 days moving average and a broken horizontal line(support turn resistance) and also form a pinbar candle stick .... I think that's more than enough confirmation
After a long drop yesterday will there be a higher strength to break the support or it will continue to move up ... I will wait till the green candle 21 moving average before an opportunity to go long but for not lets wait for a break out
Two trendline with demand and supply area if broken can either be a long or a shore
Usdcad has broken a demand area and retested it
the candle is rejecting the downwards trendline and the 100 EMA when a bearish candle form we go for a nice sell... Follow for more ,, Thank You
id a grave stone doji should form at the weekly .. we are looking for a great sell
Welcome again to my latest or another analysis on GBPUSD which has been playing with our emotions but as of Yrsterday to today we saw our candles retest our descending trendline and formed a bearish engulfing candlestick which was a great signal to sell but if you miss that trade we are getting ready for another short sell again at the fibonacci retractment level...