if we look at the daily or 4h timeframe this is a strong resistance area, i think it will make a retracement before continuing higher. this area is also 38% on the fib .
No doubt Gbpusd is in a downtrend! on my chart price is on the trendline and making a reversal pattern to continue bearish! if we look at the lower timeframe we would see the retest. disclaimer just a trade idea and apply risk management!
eurcad is sitting on a strong support! if we look back it failed to break this area! from here i think it will shoot up! disclaimer Trade wisely! its just an idea
After consolidating for a while it broke the support and gained momentum for a buy but failed to make a higher high and the bears are gaining momentum. this week we expect the pair to sell.
After eurjpy being in an uptrend for a while and being aggressively rejected at the resistance, it has formed a bearish engulfment. I think from here we will see bears come in the market.
Usdcad on the weekly timeframe has reached on a strong support and bounced off from it! on the 4h timeframes we can see price made retest facing a strong rejection! from here I think the bulls will take over! #trade wisely and apply money management.
