FX:EURCAD this formation of structure like a descending triangle/falling wedge all point to the massive upward movement expected..
the price seems to be in a ranging marker but a correction on a big scale view and already did its second top touch and my forecast is telling me is forming flag then drop...
the price seems to be bouncing on the daily trendline/ ascending channel...and may form a reversal channel (small)
there is possibility of head and shoulder formation on the ascending channel forming..so we can confirm going short..
the price momentum to downward seems active so as the break of channel was in impulse way...
the price corrected for quite sometime and the drop of the long candle seems there a bear momentum formed and it's anticipated to go downward further more...
after a little price correction the anticipation here is the price will continue to the downward....
after the formation of correction within the descending channel, the continuation is next
-the price seems to be at the top of the structure( ascending channel)... -the probability of it to form a little reversal channel and drop down is higher than of continue to the upside... -lets wait n see
-the price is in the descending channel... -it probably going for the second touch at the bottom ..
-it on the impulse after a correction within a descending channel... -its going to forma little correction then continue to the base of the previous correction..
-the structure seem like the correction on bigger TF and in lower TF seems like a continuation pattern .. -so gotta go with bigger picture for short...
-the retest from the famous trend, -its going down to the lower trend line.. -take your risk entry and ride with it,if you taken out wait for another confirmation....
-waited for this setup for a long time finally it's on the play, -short will appear for quite a while i presume, -the breakout of the rising channel. within a big ranging market.