EURBGP makes history, easy short
I’ve went back to 2000 and looked for any periods of time where the EURGBP has had more than 12 consecutive daily candlesticks where the Open was greater than the Close. Never. In fact, the most I found was 7. So this is a pretty extended move in time. And it’s a straight up parabolic rise as well. This is very much what Gann would...
EURUSD broke out quite sharply yesterday - i am expecting this market to test prior lows since we have momentum weakness all across the board and overall the market is bearish trending from 2017. I am looking for lower degree time frame corrections to build shorts.
Keep a close eye on this market.
USDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line...
So we have 2 months down trend. On daily timeframe we can see a nice forming channel, maybe 0.50% fibonacci will hold we have brn ( big round number 0.7500 ). Next potencial long opportunity is at 0.618% fibonacci hold, daily demand zone.