EURCAD has been in an ascending channel for a while now. it has just broken a counter trend towards the ascending channel. waiting for price to break above resistance and retest. trigger will be a bullish candle stick pattern.
Currently forming a descending pennant. if price breaks below this support then I will be going short.
CHFJPY has reached a significant resistance and broken to the downside. A counter trend was also broken. waiting to see a bearish reaction from this pullback before entering short
EURUSD has reached a daily sensitive zone where price has turned from support to resistance. A 4 hour counter trend towards this zone has been broken and retest. The retest has now shown bearish pressure with a shooting star and bearish engulfing candle stick pattern. Trade has been entered for a short, looking to trade to the next support.
USDCAD has reached a significant area of resistance. a counter trend towards this resistance has been broken. price is forming an ascending channel at this resistance. once price brakes out of this channel. I will be looking for a retest being entering short
GBPNZD has reached a significant area of resistance. A bullish counter trend towards this resistance has been broken. a descending flag has been formed. before entering short I will want price to brake out of this flag and then retest the structure.
USDCAD has been respecting this daily bearish trend. a bullish counter trend was formed towards this trend line which has already been broken. a breakout and re-test of this significant area is now taking place. I will be waiting for price to brake out of its current pennant formation before entering a short position.