Opportunity to sell EUR/CAD again approaching at neckline of H&S
Resistance at 1.9760 is holding, stop just about with TG1 1.9540, then possibly lower
Close below support confirms break of range and beginning of down trend
Unable to break past support turned resistance. Hanging man candle on daily - though not from a bullish run up, good RR to go short here
EUR/CAD seems to have broken the neckline for H&S pattern providing a target of 1.44
AUD is struggling to move past the 1.0900 area, evening start formation followed by a close lower indicates bears are taking over, good RR as well aiming for the bottom of the range
Finally breaking out to the upside it seems, go long with the break or on any pullbacks
Strong bullish momentum, look for a pullback to go long or go long with the break. EUR is weak at the moment and expectations of a rate cut haven't been fully priced in. Will re-assess closer to June before ECB decision
Bullish engulfing on daily, provides a good opportunity to go long, tight stop loss and tight initial target.
CAD is strong at the moment, combined with a weak EUR makes for a good trade here. Could enter on any rallies or wait for daily candle to break out of the recent multi week range. Look for target of 1.4640
I am currently looking for a bearish signal to go short around here, making high highs but lower lows on RSI hints that a correction is due maybe down to 1.6750 T1 or 1.6650 T2