GBPUSD is in an uptrend. We've had a correction to the 0.382 fib retracement and now we are ready to make new highs.
USDCAD 4H. We broke the consolidation zone and we have created a channel. The price is most likely to drop to the daily support. After that we have 2 options. We can see a move up back to the Daily Resistance or we can see a drop down to the 4H support.
USDJPY is in a big channel since december. It now hit the top of it and we are ready for a bounce back to 112.545. If we break that level the next would be the bottom of the channel.
USDJPY is in a big channel now, and it just got rejected by the channel line.
Both EMA's are showing me that the chart might go up. That's just something that i'm testing now. Target: 0.75111 Stop Loss: 0.72716
2 targets, hope it hits at least the first one. I entered in the trade kinda early with the expectation of forming a double top. But let's see if i'm right.
Looks like it's going to create the right shouler of an H&S pattern.