Harmonic pattern Correction of XA leg Above weekly trendline After confirmation => BUY
Trend : Down Tendency : Downward Below Resistance After retest and confirmation => SELL
Trend : Down Tendency : Downward Below Resistance After retest and confirmation => SELL
- Currently we can see a downward channel formation on EURCAD - 1.5450-1.5400 is a support area and 1.5700 is a resistance also the upper edge of the channel. - The price is above 200 EMA on Daily TF. - A sustained move over 1.5400 will indicate the presence of buyers. If this move creates enough upside momentum then i'll look for the rally which can possibly...
- In a demand zone - waiting for price action signal on Daily
- We're gonna wait for a pullback & BUY confirmation near 1.7740 - Our target will be near 1.8100 - If this reaches our target which means it will form a harmonic pattern. - We'll look for sell confirmation from 1.8180 to 1.8120 - Our next target will be near 1.7820
- Harmonic pattern - Potential Reversal - Uptrend continuation after retest
Below huge supply zone. Wait for the price to create a double top and us 1st TP will be 113.35