A nice bearish engulfing was formed on H1 timeframe, I will place a sell stop order below the previous swing low and stop loss above the previous swing high
Seems like an engulfing is about to be formed, but it is Friday and I will wait untill it goes out of the box and have a trade with this. I prefer it will go up because I want to take a long trade on EURGBP
EURGBP hits the support horizontal area, and the bottom trend-line, I will look for a price-action formed in lower timeframe, M15 or H1 to give a decision and enter a trade.
After a double breakouts, GBPUSD seems trying to enter a new up trend after a quick correction and bounced back from support trend-line, but as GBP and USD are both getting strong, I don't expect a very quick bullish trending. I will still go for long positions but will have to be carefully for any sudden correction.
Due to the news these days, GBP is getting stronger, there can be a correction in short-term, but the trending is up so I may still have some long positions in M15 but will have to keep them in track instead of "fire and forget"
So USDCHF did't break the support trend line and went up, no order triggered. Now it seems forming a new up trend in a short term to reach the top edge of the big channel. Let's wait for a signal, I prefer a bearish engulfing.
USDCAD should be getting into a range, maybe a short up trend as USD taking advanced, compared to EUR. So maybe some ranging scalper from M15/H1 timeframe...
Looks like it hit the trendline and reversed after a very strong up trend. Now in the daily canle, it is kinda like forming a bearish engulfing. So I will wait and see.
While EURUSD getting weak, but GBPUSD formed a bearish signal. Although EURGBP formed a nice bearish engulfing but think there couldn't be any big movement for the next 2-3 days.
