Patterns by HWAFM

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MN1 timeframe : all developing/forming patterns are showing uptrend

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Just an example with MN1 timeframe:


Attachment 1524


Attachment 1525

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W1 timeframe : forming patterns for downtrend

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Ret:

Attachment 1526


ABCD

Attachment 1527


Bat:

Attachment 1528


Butterfly:

Attachment 1529


Crab:

Attachment 1530

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This is interesting situation for USDCAD for now:

• MN1 timeframe : all developing/forming patterns are showing uptrend
• W1 timeframe : forming patterns for downtrend
• All other timeframes starting from D1 till M30 : for uptrend

It means: price can break support lines for reversal to bearish, or primary bearish trend will be continuing

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Example with H8 - formed pattern for downtrend:

Attachment 1531

forming/developing pattern (same one -retrecement) - uptrend:

Attachment 1532

Quote:

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This is interesting situation for USDCAD for now:

• MN1 timeframe : all developing/forming patterns are showing uptrend
• W1 timeframe : forming patterns for downtrend
• All other timeframes starting from D1 till M30 : for uptrend

It means: price can break support lines for reversal to bearish, or primary bearish trend will be continuing

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Example with H4 - formed patterm retrecement downtrend:

Attachment 1533

developing pattern (same one) retrecement uptrend:

Attachment 1534

developing ww uptrend

Attachment 1535

Quote:

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This is interesting situation for USDCAD for now:

• MN1 timeframe : all developing/forming patterns are showing uptrend
• W1 timeframe : forming patterns for downtrend
• All other timeframes starting from D1 till M30 : for uptrend

It means: price can break support lines for reversal to bearish, or primary bearish trend will be continuing

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Same situation with H2, H1 up to M30.

So, I mean: USDCAD can continue with bullish in short term< after that - we can see correction once again (it was the correction last week too)? but finally this pair will be on uptrend in long term.

Same situation is for EURUSD and USDCHF:

• EURUSD is on downtrend for developing/forming patterns
• USDCHF is on uptrend

Attachment 1537

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Originally Posted by newdigital

Same situation is for EURUSD and USDCHF:

• EURUSD is on downtrend for developing/forming patterns
• USDCHF is on uptrend

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Yes, that was right - EURUSD D1 was on correction

Attachment 1613

and EURUSD H4 reversed from primary bullish to primary bearish:

Attachment 1614

Quote:

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Originally Posted by newdigital

Same situation is for EURUSD and USDCHF:

• EURUSD is on downtrend for developing/forming patterns
• USDCHF is on uptrend

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USDCHF D1 was on bear market rally :

Attachment 1615

and USDCHF H4 was reversed to bullish in the end of the week :

Attachment 1616

I think - the most interesting pair for the next week to trade and to watch will be USDJPY.

D1 was on bear matket rally within primary bearish


Attachment 1618

and H4 was on flat within primary bullish


Attachment 1619


But there are a lot of very strong resistance lines for USDJPY D1/H4 on the way to uptrend for example.

If we are looking for developing/forming patterns for USDJPY so all the patterns starting from M6 till H12 are on downtrend:

Attachment 1620

It means that trend will be continuing with bearish on D1, and H4 price will be reversed back to bearish to inside the cloud by crossing Sinkpou Span B line? ... well ... will see next week.