patiently waiting for it to hit the zine to either break out and retest or reject the zone
the market is looking like it has a healthy bullish potential
Given the trend currently .. the market is riding a bullish one
the market looks bearish given that it broke below the resistance zone and retested it and now is pulling down
lets watch what happens when it properly gets to the support zone. I am expecting a rejection but if it breaks below, i will wait for it to retest then I'll place a sell position
looking at the current market structure its giving a strong bullish move after it hit the support zone on a 4h timeframe
It is rejecting at a phycological level on a 4h and has formed a double top too
the pare has broken out of a zone on the 4h and retested, on a 15 minutes time frame which is where i narrow down to enter, it has formed a double top.
It broke out and retested and currently on a bull run
I watched it break out of the resistance zone on 4H and retested the zone on a 15M
I am expecting a short here given that its already formed a head and shoulder
lets see what the market does as we enter London session soon, tho i think there will be a continuation of a sell
i am thinking this USDCAD is definitely going long being that it has formed a rejection on a support zone on a 4H time frame and a double bottom on a 15 minutes
From the trend line and the zones it looks like it’ll obey the zones n follow the trend
With the trend line GBPJPY has a high bullish potential
Judging from the clear resistance zone the market trend for today looks bearish
Hey hey why not check out the analysis and share your view
Hello there please kindly check this out and share your thoughts 💭