There seems to be an extended M pattern o the Daily chart. The candlesticks have been getting shorter with wicks contesting from below suggesting exhaustion for the bears. Anticipating intra day momentum to shift to the bulls and price to rally atleat to the .382 retracement. Looking to catch a short term long on this before going short for the long term. The...
On the 60 min there is Divergence on the MACD. the chart has broken though the smaller accending channel and is now retracing. There is a clear bear flag pattern on the 15 min chart that is forming on the 60 min chart. Alll signs look to be short!!
GBP/CAD has had its price constrained within a channel on the daily chart. Last week price bounced from the bottom of the channel straight to the top of the channel. This week price has began a decent from the top of the channel. I am expecting price to eventual turn around and go back to the top of the channel to retest before descending to at least the bottom of...
