Naomi293

Weekly Predictions (Feb 18 - 22)

Formazione
Naomi293 Aggiornato   
FX:GBPCAD   Sterlina / Dollaro canadese
- Price is oversold on the Stochastic Oscillator
- Price reversed at recent low
- Might form a double bottom
Commento:
4-hr chart

- Consolidation
- Price neither oversold nor overbought
- Price recently broke above EMA (25, close) and closed on a retest

Predictions: Watch for bullish candlestick to form breaking above consolidation zone
Commento:
1-hr chart

- Consolidation
- Price overbought on Stochastic Oscillator
Commento:
Key Analysis: Since price oversold on daily and overbought on the Stochastic Oscillator from the hourly this could mean that price will go on a brief downtrend, maybe retest at the EMA (25, close) on the 4-hr or hourly chart and then resume uptrend
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