We Are Inside a TR but with LOW Slope! Beware, Better to Sell here! If We Look Generaly At Daily Timeframe, It Might be Reverse V Pattern!
We Are Inside A TR, Next Phase Could Be A Spike, Currently We Should Buy a Bottom and Sell At Top, Middle of the TR is an Important Zone. Main Trend is Bullish , Better to Buy at Bottom.
Always Remember , Market has 3 cycles, SPIKE , CHANNEL , TR ! Try to find them on your chart, And Beware of the Main Trend.
As I see the chart like this , I prefer to say It's still Trading Range! We have to wait for this week!
I can predict 3 ways for GBPJPY! We are currently on a Trading Range and we have to wait and see what happens! ( We Might See A SPIKE SOON! )
I predict these 2 scenarios for GBPUSD! but we have to wait for confirmation! We need to see if bearish trend breaks or not.
I predict one of these 2 scenarios may happen. EURAUD is still on a Bearish.
I think the price will follow this pattern , we should wait for 3 things ! ( Breakout , Pullback and Confirmation ) !
Support and Resistance Lines will reject the price for 80% of the time. I can see a Flag pattern with 2 bearish directions. If we see a candlestick pattern and a confirmation in lower timeframes, We can go long from here.
After seeing an divergence in RSI, I assume the price will go lower with bearish trend and we can go Short from here.
USDCAD Long. After Breaking the Bearish Trend, Breakout , Pullback , Confirmation