I've decided to look for shorts on GJ due to the pound weakness and the price stall around my monthly resistance. Price action is starting to suggest that a shift in momentum could be in play and lower highs are being made.
1.27 first target. will enter on break and retest of red 4h supp line. Pip Squad telegram : t.me Instagram : ThePipSquad Personal Instagram : @KhalidForex
USDCAD - Currently rallying up, this is evident because the pair is making higher highs and lows as you can see. If previous swing low is violated and price closes below it then I believe USDCAD will fall. However my current bias is bullish and I'm expecting another push/leg to the upside with targets at previous swing high 1.3100 and also long term at 1.34000...
If you were in my telegram you would've seen this a couple days ago :) Nice example of a 1-5 wave pattern
Possible scenarios when the market reopens but my bias is bearish, dollar is weak at the moment only pushed up at the end due to Trumps random new
We've got a breakout of the 1.6800 level so looking to short till key level of 1.67500
Beautiful head and shoulders bearish pattern, going to wait for neckline to be broken then potential target at closet monthly key level.
Price is currently in a range looks like a bullish flag pattern will wait till next week to enter once clear break and CLOSE above 1.36500 level with targets at monthly key level of 1.39816
EURUSD long with targets for profit at weekly resistance level