#cadchf #cad #chf The CADCHF 14H chart shows that the pair has been trading in a clear downtrend forming a falling wedge pattern after an extended bearish move. The recent solid breakout from the wedge signals a potential shift in momentum as buyers start gaining strength. The breakout candle indicates increased bullish activity suggesting that the market may attempt a corrective rally toward the next resistance area shown by the red arrow. This upward move represents a possible reversal phase where price could retest previous structure levels before deciding its next major direction. Overall the chart reflects early signs of recovery with the breakout acting as a key confirmation for short term bullish continuation.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

USDJPY on the 1D timeframe is trading inside a clean ascending channel where price has respected both the upper and lower boundaries multiple times showing strong structure control buyers pushed price impulsively from the lower channel support creating a sharp bullish leg that completed a corrective move near the upper boundary after this exhaustion signs appeared near the top of the channel indicating weakening momentum and potential profit taking price is now reacting lower suggesting a corrective phase could unfold toward the mid or lower channel support as long as the channel holds the overall trend remains bullish but short term pressure favors a pullback before the next directional move confirmation will come from how price behaves near channel support where buyers may step in again to continue the higher structure or a break could shift the bias bearish.

CLOVER GOLD FX

#GBPUSD 🇬🇧🇺🇸 As forecasted in the previous post, price continued exactly within the expected structure. The upside potential remains strong, but patience is key. Before we rush in, let’s quickly remember our —> trading plan! 📌 Why we avoid Wave 1 • Confirm the correction is complete. • Early entries offer poor risk-to-reward. • Wave 1 may still be part of the correction; avoid traps. 📌 What we wait for Enter at the start of Wave 3, where: ✅ Structure is confirmed ✅ Momentum is stronger ✅ RRR is significantly higher Waiting for minor Wave 1 & 2 protects from losses and provides high-probability setups. Similar structures are forming across multiple pairs.

CLOVER GOLD FX

US oil on the 4 hour chart is showing a descending channel pattern where price is moving between two parallel trendlines forming lower highs and lower lows after completing a five wave impulsive structure the current movement appears to be a corrective phase targeting the 61.8% retracement level the overall momentum remains bearish as price continues to respect the upper resistance trendline if price breaks below the channel support it could confirm continuation toward the next key Fibonacci extension level indicating further downside pressure while any rejection from the lower boundary might lead to a short term pullback before the next major move.

CLOVER GOLD FX