1. DOWNTREND LOWER LOWS AND LOWER HIGHS FORMED 2. SUPPORT IS NOW RESISTANCE 3. DIVERGANCE 4. BIG CAD NEWS OUT LATER TODAY 5. CORRELATED CURRENCIES SUCH AS GBPCAD AND EURAUD WE ARE LOOKING TO SELL ASWELL
REAK OF TRENDLINE PLUS THE RETEST SUPPORT IS NOW RESISTANCE MOVING AVERAGE RESPECTING THE WICKS GOOD RISK TO REWARD TO DEMAND ZONE
DOWNTREND SUPPORT IS RESISTANCE MOVING AVERAGE HOLDING WELL AS DYNAMIC RESISTANCE RISKING 25 PIPS TO GET 90 PIPS
1. DOWNTREND 2. SUPPORT IS NOW RESISTANCE 3. LOWER LOWS AND LOWER HIGHS FORMED
1. DOWNTREND FROM THE MAJOR BREAK OUT WHICH HAPPENED ON THE DAILY 2. LOWER LOWS AND LOWER HIGHS FORMED 3. MAJOR KEY LEVEL OF SUPPORT IF WE LOOK TO THE LEFT 4. REJECTION FROM CANDLE WICKS 5. GOOD RISK TO REWARD WITH THE STOP LOSS @ 1.74250
80 PIPS IN PROFIT AND RUNNING !!!! AlLSO LOOKING FOR A BREAK OUT OF SUPPORT VERY SOON!!!!
TRENDLINE 3RD HIT DOWNWARDS LOWER LOWS AND LOWER HIGHS SUPPORT SHOULD BECOME FUTURE RESISTANCE WAITING FOR A CANDLESTICK FORMATION AND WE HAVE A NICE 150 PIPS MOVE
1. SIMPLE TECHNIQUE OF POWERFUL SUPPLY AT THE TOP AND DEMAND AT THE BOTTOM OF A RANGING MARKET 2. MULTIPLE HITS TO THE LEFT ON THE SUPPLY ZONE AND REJECTION 3. PRICE IS COMING OUTSIDE THE BOLLINGER BANDS 4. WAIT FOR CANDLESTICK FORMATION
1. LOWER LOWS AND LOWER HIGHS FORMING SUGGESTS DOWNTREND 2. SUPPORT SHOULD HOPEFULLY BECOME RESISTANCE 3. WE WILL WAIT FOR A SHOOTING STAR, A BEARISH ENGUFING OR A BEARISH HARAAMI TO CONFIRM THIS TRADE 4. MA LOOKING TO RESPECT THIS AS DYNAMIC RESISTANCE
DESCENDING TRENDLINE MULTIPLE TESTS OF THE WEEKLY AND DAILY RESISTANCE INVERSE HEAD AND SHOULDERS PIN BAR REVERSAL USDJPY SIMILAR CORRELATION TO DXY EURUSD INVERSELY CORRELATED TO DXY
PRICE HAS HIT A KEY RESISTANCE LEVEL ON THE WEEKLY AND DAILY CORRELATING PAIRS SUCH AS GBPUSD AND EURUSD ARE SHOOTING UP PIN BAR SIGNAL SUGGEST PRICE WILL COME DOWN FIB LEVEL HAS HIT THE 61.8
PREV WEEKLY CANDLE WAS BEARISH UPTREND RETRACEMENT RESISTANCE IS SUPPORT KEY LEVEL ON 4HR
MARKET STRUCTURE LOWER LOWS AND LOWER HIGHS SUPPORT = FUTURE RESISTANCE
1. HIGH HIGHS AND HIGHER LOWS 2. RESISTANCE = SUPPORT 3. FIB LEVEL 61.8 4. DIVERGANCE 5. CANDLESTICK REJECTION