ibranmathew

ibranmathew

posibble short, tight stop

ibranmathew

SHORT

ibranmathew

A possible retest of the highs the downward reversal

ibranmathew

Strong cad weak chf

ibranmathew

On hitting the .382 retrace brace for an upward rally to the previous resistance lvls at the 1.28 extension

ibranmathew

short opportunity,

ibranmathew

SHORT

ibranmathew

POSSIBLE ABCD PATTERN FORMATION

ibranmathew

Possible bearish continuation as depicted by the double top, hence possible reversal on the previous bullish trend

ibranmathew

Now trending on massive oversold conditions n minimal movt on hitting the.618 retrace. Its possible for a long trade once green candles start popping up back to the previous 1.08.. highs

ibranmathew

Based on the 1 to 1 low high low movements, and the depicted lower lows on each 1:1 swings.

ibranmathew

Based on price action , now trending on a major support level an upward retrace could be followed by a major uptrend to previous resistance level

ibranmathew

The USDCAD is on a 1hr downtrend , a retracement possibly the.382 , looking back the .382 fib level coincides with previous major resistance levels,which now act as our support levels. Ideally the pair should hit the .382 level which is our support level then pick up onwards to continue with last weeks bullish movement.

ibranmathew

the usdchf ultimately did hit the 1.28 extension

ibranmathew

Should the USDCHF break past the support, major support, it would be expect to move towards the 128 extension, as such a short trade on the support would be a good trade. For more evidence a short upward retrace on hitting support level followed by downward continuation would be a much better time to join in on the short trade.