Will be looking for buys since this pair is in an uptrend overall. Price has formed a bullish pattern and respecting a support level. Will be going long based on the next candle close, or will wait for breakout to the upside. Targeting the next major level.
USDCHF, breaking structure on the 4H. Has made a LH on the daily as well. Will be targeting the previous daily low and capitalizing on the way down. (If it works out anyways.) (Always control risk.) P.S. I love this background color just switched. Happy trading.
EU has broken out of it's range to the upside showing bullish momentum. It's broken out of it's downtrend on the 4H and has created a reversal pattern, the double bottom. Me being a conservative trader for the most part I always wait for a pullback. This setup has the protentional of giving a 1:2 RR. If there is no pullback there is simply no trade.
EURCAD, has broken out of it's range to the downside giving confirmation that the bears are in control of the market. A simple break and re-test method of a daily level with a daily engulfing candle as confirmation.
USDCAD, is currently forming a continuation pattern on the daily timeframe. Price is respecting a major resistance level and showing daily confirmation. Will be targeting about 240 pips with a 1:1. May hold the trade for the rest of the week if it works out.
