grantkruger6

grantkruger6

Prive has broken our downward trend line, showing us bullish momentum. Currently price is consolidating. Possible scenarios: Price may come down and re-test the broken trend line Price may come and test support

grantkruger6

Higher timeframe analysis suggest we have bullish momentum A break and close of the downward trend line acting as resistance will give us buy opportunities. price may obey the downward trend line to re-test our upward trend line

grantkruger6

Currently we are stuck in a range. If price can break support of 1.08520 we may see another bearish leg. A break and close below support as well as the upward Trend line is vital fora short bias. Higher timeframe analysis suggests bearish momentum.

grantkruger6

Possible long opportunity to come on GBPCAD There is a possible bullish flag pattern Wait for a trend line break for confirmation

grantkruger6 Updated 

CHFJPY is currently forming a head and shoulders pattern. look for a sell entry. TP should be at 109.618 Head and shoulders will be confirmed once the next line has been broken at support zone of 112.656.