TDI
CAD CHF SetupLovely set up here guys with CAD CHF bouncing off pivot for the day.
We look for the TDI to hook back inside the Bollinger bands before confirming our entry.
EURCAD LONGA longer term trade here looking for a re-test then a bounce off resistance. TDI market baseline still decreasing but flattening showing a possible end to the bearish sentiment on this pair. MA Cross looking like by the end of play today.
A possible TP at the clustered resistance (yellow line). Wait for confirmation on this longer term trade
USDCAD LONG (Intraday)TDI Cross looking bullish in the next few hours. Short term MA currently neutral looking for a confirmation to the upside early this afternoon (GMT). Expecting the to trend sideways with an eventual bullish movement towards the end of the day and possibly continuing into tomorrow.
GBPJPY (OLHC) Possible Long-Term Bullish sentimentsMONTHLY
Overall structure is OLHC. A lot of patience is needed for this setup. Currently sellers are really a lot and dominating price . Priceline is even below bloodline. A bullish reversal however is possible but it will take awhile .
WEEKLY
divergence in a weekly timeframe from the 5 August 2019 to 23RD FX:GBPJPY march 2020. Meaning buyers are slowly combing into market. Priceline is still below bloodline. Caution kindly wait for extra confirmation before placing buys .
DAILY
Priceline is currently flattened with bloodline meaning price is consolidating. Solid 50 is however acting as a potential resistance.
Wait for a breakout.
4 HOUR
Divergence in 4 hour timeframe though am not really sure if this current support is strong .. wait for more confirmation (Higher timeframe weekly)
Overall structure is OLHC we waiting for long term buyers ( POTENTIAL YEARLY STRUCTURE OLHC ) .
Possible M pattern formingI noticed this M pattern coming into formation on a bearish move I anticipated at the end of the first leg from a different analysis I had. This possible M serves as another confirmation for me. Looking to drop down to the uptrend line that forms the bottom of the flag overall formation the market is currently inside of. Will continue watching and will take profits as close to trend line as possible.