Welcome to our weekly trade setup. We are now focusing on AUD/USD which has potentially formed a Bearish Structure.
We have detected a potential Bearish Structure in AUD/USD at the Daily chart. Right now, the price has currently forming a Bearish continuation pattern "Rising Wedge" whose price is now moving towards a yearly resistance level at...
EURNZD has already formed an Inverse head and should pattern but has already broke through the resistance level, it may drop back to the resistance-turned support level to retest that price level before it will go up.
Falling Wedge is still in play for EURCAD, better wait for the breakout of the Falling Wedge to confirm its Buy setup because there is a chance that EURCAD may break to the downside. Wait for Buy confirmation at Falling Wedge breakout.
Expecting USDCAD to go to the downside after it reacts to its resistance level that causing to form a Double Top pattern, now another sell confirmation where a Bearish Engulfing candles has already formed at the 4 hour chart. If the price breaks the neckline of the Double Top, we are expecting it to sell further.