It took a while for the EUR/USD pair to complete it's corrective pattern but in the end it played out as expected.
USDCAD has retraced almost back to Daily Support and is balancing just ahead of the Support Zone. These Balance Area's make for good Breakout trades. Balance areas are simply just Accumulation or Distribution (we don't know which one it is until the market tells us, which is done by breaking out). This trade will be valid which ever way it breaks. I would think a...
Possible opportunity for the dollar against swiss franc. I would enter long at 1.0175 with first target @ 2015 november's high.
VTCQ is coming off a great day despite the markets getting hammered. It's in a nice consolidation phase and looks ready to breakout. Bar Chart analyst rate it a 60% short term buy. The company just signed a huge distribution deal earlier in the week as well.
Sell on breakout. Good Luck!
Currently, symmetrical triangle breakout move confirms the down trend as it has also made Lower Highs and Lower Lows (marked in red), which denotes change in trend. MACD is also turns in negative as well as AO. - confirms downtrend too. Therefore, due to above confirmation, I would recommend to short this one for the initial target for 2264 SL2450 and duration...
As you can see from the explanations on the screen we are lining up for a possible bullish setup on EURGBP. It really depends on specific price action and candlestick analysis