PipsMade

PipsMade

HUGE REVERSALS

PipsMade

WEEKLY TIME FRAME, PRICE HIT RESISTANCE IN A WEEKLY FALLEN CHANNEL, CHANNEL HAS HELD AND I ASSUME A DRAG DOWN

PipsMade

TECHNICAL VIEW

PipsMade

PRICE HAS MEMORY, BASED ON THAT, WE COULD GET REJECTIONS AT THE SUPPLY AREA ABOVE ON THE 1HR FRAME

PipsMade

ITS FORMING A TRIPLE TOP, ALSO THE DOLLAR INDEX IS FORMING A TRIPLE BOTTOM !!!!LOOK FOR PRICE ACTION ON 4HR AND SELL

PipsMade

A BOUNCE OFF THE DEMAND ZONE MARKED BLUE LINE WILL INITIATE BUYS, AS ITS A RESTEST OF THE NECKLINE OF THE INVERSE HEAD AND SHOULDERS

PipsMade

Head and shoulders classical pattern forming on the 4hr

PipsMade

CADCHF has been inconsistent down trend, a W'' pattern is about to form, the daily close candle was very bearish, i will wait for confirmations to sell on the on hour time frame, i will sell on rallies

PipsMade

i predicted a possible head and shoulders last week and now we can see the head and shoulders playing out on the 4hr. Canadian job numbers were good on friday, i see Canada recover quicker fundamentally, aud on the other hand is dealing with new lockdown of some areas, china and America are having tensions in their relationships and this can affect aud. Moreover...

PipsMade

price has made its weekly range move to the upside, price is close to the 0.618 fib on the daily. fundamentally, australia cpi came in weak and i expect more weakness in aud as they lockdown some parts of the city