my thought on USDCAD is price is in descending channel at the end of that ascending channel double bottom formed its bounce
it might go little down as the consolidations turns to a large flag but I'm longing it lets see
selling gold cz of multi touches and price is struggling 1975 area as the dollar is weak it might bounce up ,if it moves in heavy momentum (impulsive)
we will wait it to concelidate so that we can buy it
as the price approaching double top and completes 3rd touch of bearish expending triangle as its continuation pattern
and the price is in ascending channel reversal pattern good confirmations for sell
good lucky on Monday
as the price is at double bottom , reached the with descending channel
good sign for buy , but there's a weakness of US dollar it might go down more .
trade with caution
WHY AM I SELLING EURGBP
1. PRICE MOVED IN IMPULSIVE WAY NOW ITS IN CONSOLIDATION WITH LARGER FLAG (CONTINUATION PATTERN)
2. COMPLETED 3RD TOUCH OF ASCENDING channel
WITH THE HELP OF HTF its showing bearish momentum
