Accumulation TimeI highly doubt its going to break the white longterm support line.
Looking to accumulate in the green triangle area.
Willy is stupid oversold and about to cross on 4h,
meaning theres a good chance its going to reverse back up.
Safest buy is definitely after break of red dotted triangle top.
Unless we fail to break out before the 9th of july,
where longterm support and resistance trendlines cross, Don't short this guys :D
Longterm support line is stronger !
Rally
Yin & YangCheck this out guys ! the mean for this cycle is around 608. thats where the triangle is closing. also price rendered around the same area above and bellow the mean. also price fell bellow the mean exactly at the halftime of the triangle ! isn't this stuff fascinating :O alltogether this "means" xD that something big is going to happen on or maybe before the 9th of july . I expect price to shoot up : ]
Triangle intersected by time fibsAnnotations on the chart. Due to the fact that such triangles often breakout after 75% - 80% completion, the 0.764 fib seems to fit great. Also the month of July will then mark the beginning of a new cycle with a rally up to 6000 (10 times the value before rally starts, so around 600)
EURCAD - Potential long setup based on support and resistance.All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence?
There is also an intraday short setup here as well. Price is approaching a 50% retracement in the swing high @Mar-19 and swing low @Apr-07. Bears will probably ride the reversal to the trendline for 300pips but given the overall trend bias I'll remain a bull on this pair.
Whatever happens I'm buyin' at the trendline!
