mainstay

mainstay

Looking at EURUSD on the Daily time frame, I am noticing that we are currently in a bull flag. We are also approaching the top of a major trend line (Blue) that has had multiple price rejections dating back 3/14/14 and 5/7/14 and also 4/29/11!! Every time we have approached this trend line we have fallen hard. I will watch and see if we make our way back up there....

mainstay

Here we are looking at GBPCAD on the 4hr time frame. As you notice, we have been inside of this uptrend channel now for quite some time. We have been rejected off the 1.8 major level and have broken into this mini dotted channel within the larger channel. The reason I put this mini dotted channel is because the market is very reactive when it comes into contact....

mainstay

Looking at ETHUSD on the 8hr chart you can see we have developed this head and shoulders pattern which we are now approaching the neckline. It seems as if BTC and other cryptos are taking one last swing to the downside before we see the bulls take back over the markets. **This is not a recommendation to buy or sell, and is for informational purposes only**