Its a strong zone to LONG this for a short term.
Price will drop lower to that level for the last kiss then it will fly. Lets look for entry on lower timeframe for good entry.
With the inverse HS formation, USADCAD will perform a retest at the key zone and continue the uptrend. As indicated, TP1 is expected around 1.32397 price.
Price is at strong support level thus making this a good time to buy. Possible reversal candlesticks formation on the lower timeframe. My first TP is is around 1.75238 price.
With doji reversal candlestick formation on the 30min TF and also a double top formation, CADCHF is going down. This direction will most likely be same as OIL due to their positive correlation.
The formation of the triple bottom indicates price is at a strong support level for a BUY.
There was a reversal candlestick on the 15min tf which alludes to this bias.
At that resistance level, EU will hit the rocks (short). The double top formation also alludes to this price reversal.
GBPCAD is on the move. Catch the trend from the zone and join the BULLS to TP 1 or TP 2.
On the 15min timeframe, the was a strong bearish reversal candlestick formation which confirms the downtrend.
With price at a strong resistant level, its my bias that NASDAQ will fall to around 10360 price. There was a 'hammer' candlestick formed on 4hr timeframe which represents a possible reversal in price. The triple top formation also affirms this bias.
Its my bias that BTC will retest and continue the uptrend in the long run. Wait for good confirmation once retest is done and join the bulls. You may share your bias as well in the comment section.
ToP-Bottom analysis indicates CADCHF will swing buy for weeks. Get proper candlesticks confirmation and join the trend.
Price likely to push down for a few days to form a potential HS formation before flying...get good candlesticks confirmation on lower timeframe to join either the BEARS or BULLS.