Consolidation Rectangle Breakout and Trend line breakout confluence.
Short to key level.
CAD to strengthen following oil price increases.
Wait for retest of rectangle
Can wait for retest of key level or triangle before going short.
Lower highs and lower lows have formed.
Trade the fib cycle to the D leg.
Bullish engulfing pattern completed on daily
Trade to Fib Extension at -0.27
The pair has consolidated.
I am short bias but these are two potential setups that could take place during the week.
Will trade up if trend line acts as support.
Short biased on this pair but depending on how price plays out I believe it could go either way.
Two trading ideas.
A few possible moves on this pair for the week ahead.
Will trade on the lower time frame.
Trade the falling wedge breakout
Failure to close below a key level and the 61.8 Fib
Wicks don't lie
Short to 61.8 level
Rejection of the 1.4000 region
Down to the next key level.
Based on previous price movements, GBPUSD just entered again in a down channel, which points that it will buy and then sell back till 1.20000
SHORT EURUSD on the 4H chart.
Price movement indicates that it will go down.
TP 1: 1.03900
TP 2: 1.03000