USDCAD is on a bullish break, but finding resistance at psychological level 1.30 Looking for reversal candle on 1h near the 76.4 fib @ 1.2998 Counter trend trade - but great R:R on this trade for a move to daily support
EURUSD has done an ABC correction to the downside from 1.0968 highs to 1.0924. While below the 76.4% Fib @1.0958 we can still see an extension lower to form a double corrective structure
Yesterday I posted a falling wedge pattern which we have broken out of. Today we see channel resistance holding the pair to the upside. A breakout out of either channel can provide direction for a sustained move. As the wedge pattern broke to the upside, the bias is for an upside break
Possible double correction completed on 15M - Looking to sell retracements towards top of channel, or break of 2.0170 Lows
Possible rising wedge setup on 5m & 15m. Looking to sell breaks against 61.8 fib @1.0880
EURAUD Has shown a bearish engulfing candle at the top of it's weekly candle, 76.4 Fib retracement and psychological 1.50 level. While below, expecting price to reach bottom of channel and 2013 Weekly resistance in the 1.31 area.