Patterns by HWAFM

MN1 timeframe : all developing/forming patterns are showing uptrend

Just an example with MN1 timeframe:

W1 timeframe : forming patterns for downtrend

Ret:

ABCD

Bat:

Butterfly:

Crab:

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

Example with H8 - formed pattern for downtrend:

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

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

Example with H4 - formed patterm retrecement downtrend:

developing pattern (same one) retrecement uptrend:

developing ww uptrend

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

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

Originally Posted by newdigital

Same situation is for EURUSD and USDCHF:

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

Yes, that was right - EURUSD D1 was on correction

and EURUSD H4 reversed from primary bullish to primary bearish:

Originally Posted by newdigital

Same situation is for EURUSD and USDCHF:

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

USDCHF D1 was on bear market rally :

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

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

and H4 was on flat within primary bullish

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:

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.