After a strong bullish trend we saw a slow bearish trend with retracements on nearly all fibo levels. Will the price make another correction or change the trend back to bullish? We will see...
GBPCAD is moving in the range. Banks put their money on short. Price broke correction and should continue down even more.
Go check my friend's charts -> dmNik66
GBPCAD is right now near 1h trend line. Will the price bounce? Well there is a strong support zone and descending wedge...so after the breakout of the wedge, the bulls should move a price higher.
CHFJPY is in ascending triangle. The price made a double top and broke out of the trend line. The pair should go down and make another touch on ascending triangle.
GBPCAD is now in ascending channel and retesting daily trend line. On 4h timeframe might be also possible descending wedge. After breakout of ascending channel the price should go short.
EURUSD is in descending channel on daily timeframe. I´m still waiting for touch on lower trend line and LL. And now it might be a good time to sell. On 1h timeframe, price made a possible double top and touched 4H timeframe´s trend line. There is a clear short after breakout of correction.
