Seems like, GBPCAD has been reaching on the Resistance Zone, If price breaks the Resistance , im expecting to buy when the price make retracement. OR
IF price reject Resistance, then i will Look For Sell on lower time frame.
i could there are few candles rejection on TF H4, in my opinion it will go down after breaking my bottom trendline then i will look for SELL,
But it possible too to make another last new HIGH, then it will go down
so this is my analysis that i could think:
USDJPY will Fly Soon as it seems like making a bullish flag OR,
it will make another LL and hit SnR then go up if there is any rejection on the SnR
there are two of theory analysis:
the first is seems like GBPUSD making head and shoulder in TF H4 and there is possibility to go down after few rejection on the left shoulder.
second is i can see GBPUSD is making bearish channel, so what i would do is to wait price make another HH (High-High) and look for sell if there is any rejection.
What do you guys think?
EurNzd is reaching zone Resistance, what do you guys think? Will it breaks or it Will go down again?
As i can see candles had been retest Zone Resistance for few times.
