FX:AUDCAD With potential long.
Nice and strong bullish channel. With some consolidation and I found a triangle with some wicks on support. Weekly candle saying to short but when you look on 4h chart you clearly see its a bearish trap. If the price decides to go our up as I believe, then we can expect Head and shoulder pattern.
There's only one way to find out!
Starting yo buying gold, I see nice triangle action on the daily chart and nice squeeze on 4hr chart with bearish divergence, I'm hoping for a nice candlestick pattern right now and we should see a nice long action.
Price making a nice squeeze which means that price will go for another push to fake-out all people who are currently shorting FX:EURAUD
-We got a nice hammer and the bottom of a squeeze, and triple bottom so this just confirms my thought.
Good luck traders.
Price made a nice pull back and created a nice squeeze which can mean that is time a for the second touch of the bullish channel.
If we will get daily hammer today I am pretty sure this will go up.
Also, price reacted to strong Resistance ( 1.05275 ).
Weekly hammer that price created couple weeks ago means that we are in bullish trend now so this setup has a very...
We created nice squeeze which can mean that is time for the second touch of the bullish channel.
Price should continue the move from September 2018, Current situation is price resting-buyers taking profits and other buyers jumping in.
Also, I can see a lot of wicks on support zones which only means that buyers are taking off.
For this moment I want to see a nice...
I believe AUDNZD should go into up-trend very soon.
We can see this hammer at the bottom of the bearish channel which means the trend should change now.
Furthermore, the price is moving "Sideways" in this triangle, so it's time for some movement to the resistance.
We can expect some bearish movement in the begging of the week, but eventually,...
I'm Looking for some bullish action here because We can see a nice squeeze which can create the second touch for a trend-line which would create an amazing Bullish channel.
Also if we look back, we can see that this pair was in bearish trend for some time but in 2015 Eurusd jumped into consolidation and when price was ready, it exploded to uptrend, so that's...
We can clearly see that FX:EURCHF is in the up-trend for 4 years.
Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback.
After a breakout price squeezed to fake out all early buyers.
Now we are in this triangle and, if we could get a push to up-side from this triangle...
We can see that price breakout from the bullish channel, then the price move to a flag pattern but sellers pushed price lower again and they make a breakout from the flag either...
Now we can see the price is testing previous support.
We should see down action to 0.74616 - 0.73337 somewhere in this area we should see reversal...
Let's see what is going to...
Like we clearly see price created a nice squeeze which can indicate a second touch of a new bullish channel.
-We have a reversal candle on support. (4h)
-Hammer on weekly.
If the price will be able to break that squeeze and fill our buy stop, we should see a nice bullish run.
