Trade idea for week 2: Seeing a clear bottom here for this pair. Limited downside appetite. Expect a retest and push up like CADCHF. Wait for confirmation.
Trade idea week 2: I’m looking for a retest of recent highs then a free run up here. Double bottom, limited appetite for further lows. Awaiting confirmation.
Trade Idea for week 2: looking at the top of a downward channel here for GBPUSD. I expect a pull back. Awaiting confirmation post-US open on Monday.
Here we can see a break of trend, solid retest and rejection. I am short USDCAD.
I’m seeing CADJPY hit good resistance here on its descending channel. Short back down to 95.5. RSI on longer timeframes also showing overbought.