VasilyTrader

MarketBreakdown | EURUSD, USDCAD, USDCHF, GBPAUD

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

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1️⃣ EURUSD - 4H time frame

The pair is still trading on a strong daily horizontal resistance.
On that, the price started to consolidate and currently trading within a local horizontal trading range.

Wait for a bullish / bearish breakout of the range to buy/sell the pair.

2️⃣ USDCAD - Daily time frame

The market is trading within a major falling parallel channel .

The price formed a double top formation with a lower high on its upper boundary and broke the neckline.

Bearish continuation is expected.

3️⃣ USDCHF - Daily time frame

The price is trading below daily horizontal support.
The structure is considered to be broken and bearish bias remains.

4️⃣ GBPAUD - 3 Days time frame

The price has recently broken and closed below a support line of a major rising wedge .

Now we see a pullback.

The retest of the broken wedge will give a safe point for shorting opportunities.
Let the price reach the broken trend line and look for intraday confirmation to open a sell position.

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Comment: Check my new analysis on GBPCHF:

Comments

Thanks for sharing, this is my view on USDCAD:
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Looking Potential Trade Setup....🙌🏻
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VasilyTrader TRADiNG_hub
@TRADiNG_hub, thank you for comment bro!!!
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Do you agree with my analysis?
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