In case 11400 gets broken it may causes drop more to re-test 10Ks which is the neck line of the inverse HnS.
Gold is approaching to weekly strong resistance level.
Bearish projection on EURCAD H4 due to following patterns 1- Bearish BAT 2- ABCD 3- Trend Resistance
Long opportunity can be considered once trend reversal confirmed
Upcoming deep impact news might speed up something in exist up trend.
Getting narrowed. Support level at the lower band may be a good opportunity for LONG with RRR 1:6.
Short opportunity at resistance with 1:9 RRR.
If it breaks the pink line expected to reach 0.40's
Ripple has returned to 1- Fibo %61,8 after breaking the trend line 2- Resistance to Support reversal zone 3- Up trend support line for retesting and grabbing liquidity. In addition, retesting movement is in Descending Wedge form.
Testing same resistance again and twho different harmonic patterns occured in lower time frame.
2 long possibilities mark on the chart. First one is based on buying at support level of the pennant, second one is based on break out of the pennant with two different target levels.
First signal for trend reversal is happened as break out, then for trend reversal confirmation higher low must be followed and higher low can be right shoulder of HSs pattern at the same time.
First sign happened for trend reversal by breaking out, now waiting for higher low for second sign and trend reversal confirmation. Around there new Higher Low can be right shoulder of the pattern.