There's a multiple-bar inside bar candlestick pattern formed under the 1.2675 resistance level. Then we have a pin bar candlestick pattern that caused a false break of the inside bar pattern. This false break trapped those breakout traders and this bearish candlestick pattern could lead price lower in today's London session. Ideally we would prefer the pin bar...
London Session Watch USDCAD
There are multiple inside bar candlestick patterns formed in the USD/CAD. The long term trend for this currency pair is still up as the short term moving averages (10 and 20 period) are still above the long term moving averages (50,100 and 200 period) but the Tenken-sen has slightly crossed below the Kijun-sen which could show that the...