Weekly short bias , as you can see price is in a channel and has been showing lower lows and lower highs. Last week put in a lower high. Price currently sitting at key area of support/demand/ block whatever you want to call it same thesis. Meaning we could see price move higher going into this week before seeing a continuation lower. Keep it simple!
1.2690 LOOKING MORE LIKELY TO GET HIT SPOTTED A LTF ENTRY FOR OPPORTUNITY TO ADD TO SHORT ORDERS SET LETS SEE HOW IT PLAYS OUT
UPON MARKET OPEN, WILL BE LOOKING TO SHORT USDCAD I CAN SEE PRICE COMING BACK TO RETEST THE WEEKLY RES LEVEL OF 1.2907 BEFORE MOVEMENT TO DOWNSIDE TARGET FOR THIS PAIR IS 1.26 TO BE HIT SOME TIME IN JANUARY 2021. MORE USD WEAKNESS HAPPY HOLIDAYS!
PRETTY SIMPLE. Currently in weekly bearish trend. Weekly channel. 61.8 Fib. Weekly Resistance. Whole lotta confluence! Short Short Short 1.033 within the coming weeks if current resistance is respected.
SIMPLE SHORT BIAS WAITING FOR A BREAK RETEST AND REJECTION NEXT TRADING WEEK WILL BE SEARCHING FOR AN ENTRY ON THE LOWER TIMEFRAMES!
Price broken out of weekly resistance. Within the next few weeks we could see price pull back towards this former resistance turned support. From this level I am anticipating price to reject this support and continue on its uptrend up into the price of around 1.235
129.3 support level support has been broken. You can see from previous price action that this is a key level. I am expecting a retest of this level before a continuation to the downside. First downside target is 128.00 but i believe if this level is broken price can continue to fall well below this level.
TECHNICAL AND CHART ANNOTATIONS SPEAK FOR THEM-SELF
AFTER FAILING TO MAKE HIGHER HIGH'S PRICE HAS SINCE CREATED A LOWER LOW AND LOWER HIGH AS WELL AS BREAKING WELL SUPPORTED TRENDLINE. I BELIEVE PRICE HAS DOWNSIDE POTENTIAL TO HIT MONTHLY SUPPORT CONFLUENT WITH -61.8 EXT FIB
READ THE CHART! REVERSAL NOW FOR A SHORT TOWARDS KEY LEVELS LONG TERM BUY!
LONG LONG LONG Long term charts i.e weekly and daily charts are showing bullish price action and patterns that shouldn't be ignored. I believe longer term this pair could hit 0.7896 After a lower high being established on the H4 i think we are in for a pullback down to key monthly level 0.7366 where we will then show bullish momentum.