GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside. Trading Signal Service: www.greenboxmarkets.com Forex Trading Course: www.greenboxmarkets.com
Its a game of Cat & Mouse between the Bull & Bears but my Bias is UP.
Break of Trend & Retest complete.
NZDUSD in an Area of Demand with potential Large Flag completion
Is it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
AUDUSD Approaches huge Demand Zone. Confluence of Trend-Line Demand with a 38.2 & completion of a Bullish Gartley Pattern
Be wary of the breakout to the upside owing to the Daily EMA's
Its important to note that EURCAD stopped for the week in a very interesting area. An area with Bullish confirmations.
This looks like a really clean set-up on really strong PRA - Must be careful of the potential bull flag forming now but bias is down for sure.
USDCAD in Big Supply Zone, posting Divergence on Peaks
Ripple Continuation down from Descending Triangle
Multiple areas of support beneath price make the short look as tempting as eating raw chicken.
On retracement against trend-line with Fibonnacci confluence.
Currently on a Weekly retest, will be expecting a Long trade once we get the reversal pattern completion. Currently in a Short down to bottom of range / Trend-line.
Video explains it but the Trendline Slash has occured RSI shows price not likely to break back through now looking for a ranged Shoulder to form within Demand & Supply.
So at one point in this video I get a bit mixed up in my thoughts. I think most publishers would delete it and not share it; but I'm not interestedd in protecting myself. I go off on a pretty long rabbit trail about Support and Resistance areas creating the phase changes that we're looking for. It is an important concept; and I think despite me mixing myself up...