in the 1 hour timeframe a Bull flag is forming and that will lead to the trendline that is acting as a resistance ,expecting a downtrend after that in the 4 hour timeframe .
As the title states ,if the price breaks either we follow it with everything . Wait for the breakout
Having a bullish engulfing that will poush the price upward for towards the upper trendline serving as a resistance .
take the entry once the price closes below the 13 ema for a short trade
Audcad broke neckline,retested and expecting a short ...
having met the HOD or resistance and new york session began reversal expected
Having retested the support a couple of times the price is bound to go up to the near resistance and later bounce back a little to later break out to the long ....
Wait for the breakout
let's wait for the retracement and join the bears
The price will either respect the trend-line and bounce or break out onto the next resistance with the green dotted line .... so we use the candle patterns that form on the supply and demand zones to find the reversals
this turn around is bound to happen
Candle pattern forming to bring about a retracement then a long=buy incoming
Having consolidated for a while in the Weekly and daily Time frame ,almost had a bull flag but seem like the reversal is expected by the candle pattern forming in the 4h time frame .Having a trend line and a resistance a breakout from the trendline is the least to happen
Just as my idea title states ,having reached a respected support the price might retest to later reject the trend line and after a retracement
Having met the respected support the price is bounnd to bounce and retest on the trendline (daily) and later maybe breakout to the upside
based on my technical analysis this is my thought on the GU seeing it has reached close to the resistance and trendline only way to go is down as the way up has proven hard to break out .
I analysed from the daily back to the 15 min tf and this is my thought