The daily time frame shows the price is heading towards the trend line to possibly test. Price is currently consolidating i am waiting for confirmation at a fib level for this trade to be valid
The pair has entered a strong support zone from the higher time frames. Price is currently in a strong downtrend momentum and has reacted to the support zone. Entries for a long position can be found on pull backs. Once the ema crosses over the price it will confirm the market is bullish and i would aim for 300-500 pips
GBP/CAD has formed a triangle structure. The resistance level is a weekly resistance zone with multiple candles rejecting the level. The strength of the resistance at the moment seems stronger but time will tell which way the market will head. a uptrend has also formed on the daily time frame. I believe price will carry on making its way up and the price right now...
USD/JPY has broken a monthly down trend and currently started a new daily one with only 2 touches not making it a valid trend. The bullish side of the market however is looking stronger with price reacting to both weekly and daily support zones. I believe price will retest the new down trend line and then price action will tell if the market is going to be bullish...
USD/CAD is has formed a triangle in high time frames. Which price was falling it has found a strong support level which has multiple rejections so far. However the downtrend is still strong with price reacting to multiple fib levels coming down. Price may possibly be on its second wave which is a correctional wave and is going to make a third impulsive bullish...
The pair is on a 0.618 0.362 fib level on the higher time frame. It has also counted the first elliot wave count and possibly is on the second wave count ready to move to the third. I believe GBP/USD would make a impulsive upwards move but i would recommend targeting around 70 pips incase change in price.
GBPCAD is on a uptrend going towards a strong resistant which shows rejection on the monthly and weekly chart on multiple occasions. The long opportunity has been missed but if it hits the resistant and price action indicates a change in the strong up trend it will be short which can possible result in a 600+ pip gain
GBPUSD is currently on going in a uptrend inbetween major support and resistance. If it reaches the resistance level and price action indicates a turn in the trend it will be sort with pip gains of 100+
