Looking like we have a ascending channel indicating bull are in control with a impulsive leg then our correction pattern to continue higher , we now broke the resistance trendline of the correction and retesting now . all we need is a good indication by candlestick confirmations to go higher
WE BROKE THE 4 HOUR UPTREND AND NOW WE RETESTING IT , CAN WE GO LOWER NOW
We have a beautiful setup where market created a falling wedge which indicates we will have a continue higher or we will reverse into uptrend . we got our break out now we waiting for market to come down for a retest then give candlestick to confirm a buy postion
FX:GBPCAD Gbpcad is looking good for a buy reason : we can see a on the 1 hour there's correction to go higher market failed to break lower than 1.75000 and then created on the lower times like the 15min a correction such as a falling wedge this can impulse higher
WE CAN SEE THE MARKET CREATING A CORRECTION PATTERN THAT INDICATES TO GO HIGHER
THIS MARKET IS BULLISH AFTER A FEW WEEKS IN A DOWNTREND AS MARKET BROKE THE DOWNTREND INTO HIGHER HIGHS WITH A CORECTION PATTERN SUCH AS BULLISH FLAG LINING UP WITH 61% FIB level . i see this market going higher
LOOKING TO SHORT THIS PAIR AS WE CAN SEE A CLEAR BREAK OF MARKET STRUCTURE
IN THIS SETUP WE CLEARLY SEEING WHAT WE CALL ASSCENDING CHANNEL , HOWVWERE ON THE 4HOUR WE BROKE THE SUPPORT TRENDLINE AND CAME BACK TO RETEST TO , JUST TO AFFIRM IT IS RESPECTING THAT SUPPORT AS A RESISITANCE TO SELL DOWN