Jclem27

Jclem27

- 15min uptrend in motion - price action respecting 61.8% fib point and moving up - countertrend line break confirming uptrend.

Jclem27

- a 15min downtrend in motion if you trendline from the bodys of each candle, price action is now retesting this trendline. - a fibonacci proves that price action is now retracing off the 61.8% level - break of countertrend line shows downtrend is confirmed

Jclem27 Updated 

Initial 15min downtrend was previously pierced, but now it has been broken. A new 15min Uptrend is beginning. This will continue possibly until the 1 hour downtrend line already in motion. Notes: - Buyers are pushing to break the 50% retracement point (bullish) - Possible ascending triangle up to 50% retracement point (bullish) - 15min Uptrend in motion with...

Jclem27

If countertrend line breaks from the top of the channel (15min), looking to go short and target the previous low; with scope to add in and target the bottom of the channel.

Jclem27

Price action coming to a key area in USDCAD, looking for a break of the wedge , or a retest of the trendline , the 61.8% has been touched, price action is looking bearish . Target could be the MPO from the top of the fib down to the lower wedge , this can be projected down.

Jclem27 Updated 

wait for price action to drop to

Jclem27

Head and shoulders pattern finishing at the break of the neckline. Bullish divergence showing on the 4 hour chart. daily uptrend still in tact with higher highs and higher lows, keeping dow theory in tact.