mhali470
After just starting the bullish trend by printing 2 HHs and 1 HL trend ended and price goes in a range and left printing New Highs/Lows.
After Bearish trend printed last LH and LL the trend goes to end and market gone into range. To trade in a range it is better to place both Buy/Sell limit orders to minimize risk.
Price seems moving in range/ undecided phase, pending orders buy/sell stop has to be placed to control risk.
From trend line in Daily chart it signaled that bearish trend might continue as price is testing Fib 0.382 level and may continue to move downward and breaks LL 3 level.
After printing last lower high and lower low in bearish trend price goes in range B/W 0.65045 and 0.66089. now dated 26.July.23 on RSI 14 in below 30 bullish divergence is made which may signaled of completion of accumulation phase and price may go upward to make bullish trend.
From last LL trend seems to changed bullish as First HH and First HL printed on the chart and Second HH again printed as Red candle stick printed. so seems that bullish trend may continue and price may touch fib 0.382 level and move upward.
Price breaks Trend line at Price 1.0691 and touch Fib 0.5 level at price 1.0851 and continue move to downward and crosses below fib 0.382 at price 1.0707, whcih signaled price may continue to bearish trend.
EURJPY bearish trend likely to be continued and price may touch to Fib level 0.382 and goes down again to continue bearish trend.
GBPNOK - After bearish trend market goes on accumulation phase and then break and again price goes down to print new LL at 12.89786 and move upward upto 12.98993 and print hanging man which signaled LH printed and price again goes down to break previous LL and may printed new Lower highs and lower lows.
EURJPY Three white soldiers are printed which may signaled of new HL and trend may continue to bullish and price may move upward to break previous HH at 157.222 and print New HH.
In USDCAD Series of bullish candles printed after immediate bearish candle its seems that new lower high printed at 1.31616 and price may move upward to continue bullish trend.
GBPCAD Morning doji star printed it seems that New Lower is defined at 1.72167 and bullish trend may continue and new HH and HL may print in future.
As Inverted hammer printed it seems that new LH defined at 94.906 and the trend likely to be continued as bullish and may print new Lower highs and lower lows.
AUDJPY seems changed the pattern as it has now been printed higher highs and higher lows and expected to be continue.
USDCAD is trading in bearish trend as it is printing lower highs and lower lows.
USDCAD is trading in bearish trend as it is printing lower highs and lower lows.
GBPUST Trading in bullish trend printing higher highs and higher lows.