EurGbp has been broken it's previous low which indicates a trend reversal. price has gone up to retest (As expected) before going back down (continuing it's down-trend). market will complete retest at either lvl 1 or lvl 2.
This is the update on my latest OANDA:GBPUSD entry
My analysis on FX:USDCAD is simple, the price has been coming down significantly for a period of time. But looking back the past week price came down tremendously with very little price action which i believe it's going to fill (1). Price has gone down and it's on the way to make a HL or a Breakout (2). Price left an un swept liquidity at the top and also an FVG...
In the 1hr TF we can see that the market is repeatedly making lower lows and inconsistent higher lows. I expect the price to form a new higher low to fill in the gap of the previous sell market. Before making entering the next lower low. (Trade with caution, the market is always changing..)
GbpUsd is expected to retest in either of the two levels to form a higher low and then continue in it's uptrend. If the price breaks below level 2. Then that simply indicate a break in structure (A trend reversal). #PatienceIsTheKey
EurUsd has broken the higher low of the uptrend which indicates a trend-reversal. The price is expected to rise up to the retest level before we watch out for a continuation (in the down trend/trading the buy to the retest lvl is advised but at your own risk).