1.daily demand area , price was above 116 in 2015 2. Bottom of the channel
The level 1.543 is a good place to reload some buy. Possible double bottom and triangle pattern
People are taking their buy profit. we see the decrease in the upward momentum. If we can see the price closed below 123.5 this week, we may see the price retrace to 0.618 FIB lv. First target is 0.382 FIB
Looking for two level to place the sell order. 1. Price retest the triangle 2. Price break downward and retest the S/R lv Both have SL above the levels one thing keep in mind is the space left in the triangle, will price go up and fill some of the space ?
Consolidation around 0.760 - 0.761. Price rejecting 0.760 level and break north. Possible double bottom pattern If buy , targeting 0.78 for short term Remain bullish until price break 0.76 or below
usdcad is now ranging between 1.238 and 1.256. Look for a breakout of the triangle toward 0.382 FIB around 1.231
I will look for breakout, targeting S/R area. If Buy, targeting 1.540, SL:1.515 IF sell, targeting 1.510 SL: 1.531. Of course, i wont sell it right now
looking buy opportunity around 1.101. play safely with the triangle and up trend.
Mind the circle around 1.09686. It confirmed the breakout of the S/R and TL. We can see the same thing in lower timeframe. The price rushed as quick as it dropped on 22/5 to the resistance area 1.12.
Good to see GBP break through 1.525 resistance area. looking for 0.382, 0.5 FIB in short term. we will see the price action at those places. be careful that it didnt break the previous daily low 1.508.
The trendline is well respected. strong resistance @ 1.525 @1.53 looking for 1.51