Price is below the cloud also on the higher time frames. We also see that price has bounced and EURUSD is in a bearish trend over on the timeframes below Daily. I see that i choose long position on the chart, It was supposed to be short of course.
The price seems to have found support at 7.75 so we could see a move up to 8 and further. The price is also trying to breach the cloud for the third time and tenken has crossed over kijun.
I place my stop at 7.70200
Currently USDCAD has broken through resistance and support at 1.236 is currently holding. The price is also over the cloud so I see this as a good opportunity to take a low risk trade with potential for a big profit.
Target: First TP 1:1 R/R and position 2 I will close on a bearish candle.
We see that EUR/NOK is on a downtrend on the 4H chart. The price has just bounced of the Cloud and the Kiju-sen also the Chikou Span is just below price which confirms the downtrend.
We see that GPB/USD has developed a decent bullish trend so I will go long in the pullback as the price has bounced on the Kijun-sen and the Chikou-span is above the price. I will put my stop loss a little below kijun-sen on the last fractal.