The price will open, and i am expecting a retrace to retest the 61.8 again before goes down. In this trade i will pay close atencion to the zone around 1.197/1.195, because that is a strong supp where the price can bounce. So that will be my first tp.
My bias on USDCAD is short. If we look at Weekly we have the last 2 weeks rejecting the uspide. On Daily Timeframe, we have from the last 4 days, 2 rejections, and the break (wick fill), and we are having the same again. What i am expecting is the price to push up before continuing the move down.
We have risk off sentiment, which make CHF strong, and we can get a nice trade. A bounce and a retest on the TL, with the confluence on the 38.2% would be perfect.
If we close bellow that zone, i think we can have some downside incoming. We have a formation of a Head and shoulders pattern, we have a break of the neckline, and now can be the retest, for the downside. If we break the zone, i will be looking for buys.
Holding that support, break of trendline and retest, rsi oversold and divergent. Swing trade possibility. The target is the high, basically when the downtrend started.
My bias on this pair is short, i am looking for the price to push up, to touch the 61.8% and then come down to the -27%.
On this pair we have to pay close atencion to 132.500 and the W supp that is 132. The stops needs to be 70pips to cover the gap between 61.8% and 78.6%.
I think the price will retest the lower zone to go to the upside, and it might fail to break the upper zone since we have a lot of resistance in that zone. We have daily resistance, 61.8% retracement, and a zone that is normally rejected a lot.
Eurgbp looks like it touched the weekly resistence, and it is going to make a retest of the marked zone. I am thinking that he will not break the zone, but if he breaks that zone, we might have another oportunity on the next support which is very strong and it is a W support too.
Possible short around that zone, when we get there, we have a lot of rejections in that zone, which means that is strong, so i expect the price to touch that zone and come down. + we have oil almost at 10$, so Oil can push up too.
We have the price in a strong zone, if the price rejects that zone and starts to come down, at least to the TL, would be good, and if we break that TL, we have the next support as target.
