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Theprimes

Next Move On USDCAD?Hello traders! Lets talk about USDCAD . Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present. Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price. When the price moved lower, it formed a bearish flag and I executed the trade. Currently the price might be forming a bearish flag for more downside continuation. #THEPRIMES
Short
by alex_k_95
GBPNZD current possible scenario.What's the NEXT MOVE on GBPNZD ? As you can see on the monthly or weekly chart, since October 2016, there is an ascending channel showing us some downside gravity on this pair. On the daily chart, from Feb 15 2022 till present, the price might be forming a bearish flag signaling more downside movement. Now inside the bearish flag / ascending channel on the 4H and or 1H chart, the trigger area for a possible inner structure reversal pattern is at 1.96684 (High of the middle section) & 2.00480 (Upper TL multiple touches). #Patienceiskey Wait for the reversal pattern.
by alex_k_95
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