The bearish price action that resulted from yesterday’s session is intriguing for a few reasons. 1. Rejection from a critical level that dates back to August of 2015. This level previously served as support between August of last year and February of this year before the Brexit-inspired selloff put the pair below the key handle. 2. Bearish price action...
Descending channel since 2013 and horizontal resistance looming ahead
Ascending channel - wait for channel break to enter short
Ascending Channel - Short on closed candle below channel
Head and shoulders pattern - Right shoulder to be confirmed
Short. Ascending channel on 1 hourly graph & Daily big Ascending channel Also see Feb& Mrt 2015 Low Trend Line
Short - retest of ascending channel. Hanging Man
Wait for hourly close for breakout! Sell
Busy with right shoulder? If so we could look at massive pips here
Closed candle below the support of the ascending channel.
Look for reversal close to that resistance level 0.7180. Perfect place for a BIG Short
Gbpcad big head and shoulders pattern. If Gbp leave the euro zone then this might play out very well end of this week!!
Trading in a ascending channel. If daily close below 14.70 we should see 14.11. If candle close within the channel, we might see ths going up to 16.20 again.