Count_Drew

Count_Drew Updated  Aug 7, 2020

Long term i see bullish moves on the weekly chart for NZDCAD. The top of a channel was just broken and NZD has had a considerable amount of strength over CAD for a couple weeks now.Previous resistances are now being used as supports.

Count_Drew Updated  Jul 29, 2020

Going off the update in my last post, The bulls have managed to secure a bullish 4hr candle closure breaking the trendline now we will look for a retest and rejection to solidify a bullish victory and enter our trade. Beyond technical analysis we will be monitoring the strength of each currency pair and how AUD reacts to tonights news event.

Count_Drew Updated  Jul 28, 2020

HTF reversal pattern spotted with sentiment supporting a bullish euro . Top of the channel has been broken indicating a change in trend

Count_Drew Updated  Jul 28, 2020

The bears reinforcements finally arrived once price hit the structure of the previous resistance and downtrending channel. The 4hr Bearish engulfing candle after the tap of the target zone has signified Bearish reinforcement. Using current price action we can assume short until atleast 1.79500 with potential for bears to be in control all the way down to the...

Count_Drew Jul 27, 2020

Previously, the bulls have won the last couple battles pushing hundreds of pips against the trend. Price is nearing 2 forms of structure, one being the top of the down trending channel and the other being previous resistance. We will have to wait and see how price reacts to these structures to take out next position or close out current longs. Regards of the...

Count_Drew Jul 24, 2020

HTF reversal pattern spotted with sentiment supporting a bullish euro. Top of the channel has been broken indicating a change in trend