AUDCAD has created a head and shoulders pattern and has broke the neckline which I am confident it should continue bearish due to multiple confluences such as Head and shoulders pattern,Cross over on the 2 Moving Averages which indicates a downwards direction and price has broke the neckline.
brief analysis was posted on our page previously. We have chosen to scale in (add another entry) at this price as we have hourly confirmation after retesting the previous support zone as resistance as we stated on our previous post the current bullish structure has now changed you can identify this by the market now making lower lows and lower highs great...
Another great potential to trade the h4 support zone aligned with an ascending trend level also this bias goes hand in hand with our EU mark up and it also shows potential to trade the bearish structure again mirroring our EU set up. Excited to see how both these pairs run on the open market.
Beautiful example of a descending channel formation, using the Daily confirmation coming off the re test of the channel low we can see a clear indication of buyers in this market how ever going against the current direction of the bearish market we will need clear confidence in bullish momentum to insure this currency reverses its current structure, if we do gain...
After missing our entry for the long last week as posted on our page, we have now been given a chance to re enter, after last weeks failed attempt to break and close above our TP1 zone the market experienced a short term snap back, again we are looking to gain buying momentum around the ascending trend level on the retest. Our stop loss is below the previous last...
Simple understanding of the current market structure, we can see bullish indications after positive Brexit talks that recently occured. We would expect a small pull back to re test our entry zone as marked on the chart, before finding buying pressure and making a move to the upside we shall alleviate risk at our TP1 as its a very technical area as to where we...
Here we have a great example of a structure change with in the market, as you can see this pair has been creating a series of LL and LH along with forming a descending channel, we can now see a psychological break of this bearish structure by breaking and closing above the descending trend price which confirms a new HH, after retesting a previous resistance we now...
Validated confluences
1.Downtrend trading with the trend
2.Support broken resistance validated
3.Trendline still validated as price action has not breached
4.Opposing level breached by short sellers
5.Continuance of Bearish sentiment
