Based on the analysis for this pair, it seems as though the EUR is about to fall against the CAD. If we look at the 4hr chart we can notice that a trend has been broken .Experience will tell you to wait for a retest and the sell
1H CHART...
if we look closely at this pair, its price range is showing 2 sets of market structure. 1; a range channel from previous downtrend 2; a downtrend channel which is the current struceture. one needs to ask themselves which of the 2 channels is the strongest. if we look closely support has been tested multiple times and so has resistance. IN MY OPINION,...
is the gbp/jpy pair strong enough to breakthrough support after being tested multiple times in previous days? well, I think that it could, after the breakout of the previous downtrend price got into a bullish momentum in previous days making higher highs and lower lows until it lost that momentum and started forming a range pattern. As we notice support and...
