EURJPY QM PATTERN is formed. I traded the sell from shoulder to neckline. Second sell will be from first neckline to the next FTR, Demand area.
1. TL B/O 2. RETEST 3. TWO OPTIONS BASED ON SUPPLY AREA
Weekly timeframe Price broke past unnested base and onto weekly supply area before heading down. Simple supply and demand on a higher time frame.
Cadjpy is moving up then will move down breaking out the channel.
EURUSD is showing exhaustion wicks at channel. ultimately I think mid level supply will be touched - possibly even higher to complete libra pattern.
On H1 sell opportunity as head is complete and shoulder tip has been formed, pullback complete and next move is bearish down. on h4 the completion of HS on h1 completes inverted HS pattern - second shoulder is completed so BUY trade is valid This is all dependant on relevant confirmations at key levels but profitable trade opportunities are present
Week Look ahead of GOLD, series of highs and lows, harmonic pattern completion and zone to zone movement.
NZDCAD - Lower timeframe shows potential Head Shoulders pattern before pullback and completion before heading down to complete inverted head and shoulders on a higher TF
EURUSD - Overall Price is in a bullish trend but on a lower timeframe is in a channel and respecting zone touch. This presents a good opportunity for a swing trade as well as a BUY on lower timeframes
possible bounce off TL before continuing down. This may be minor but overall direction is bearish. cadxxx trades are bullish so xxxcad are bearish
Rejection of 50% fib level rejection of key level rejection of channel - possible flag pattern
Previous adherence to SSBO and key level met. Sell on a daily level, depending on bearish candle close will depend on how low the bearish movement will go.
USDCAD creating a series of lower highs, indicating short move to bottom of range box that price is currently in