The market has been ranging between important zones on weekly timeframe. The market has now printed a bullish pattern(the M pattern), suggesting a bullish move after forming the bottom of the last leg of the M pattern.
Entry: 105.240
TP: 111.5
Stop loss: 104.240
I am predicting that the eurcad will make a strong bearish move. It has made a very strong bullish move recently. According to my analysis it has reached and traded through an important zone, and is now coming back down from that zone.
Also, the market is in a bearish trend on higher timeframes.
Predicting a good sell opportunity on nzdjpy. The market is trading higher, towards an important supp/res level. The market is likely to retest this level, and make a bearish move.
