A simple GBPCAD swing short has come to us, as the pair has broke through support at 1.63300.The pair has come from rejection at a resistance zone at 1.65500.If the analysis holds over the weekend, we will enter this trade on Monday.
Our earlier #EURUSD short was successful, and we have another opportunity. We have the ECB cut rates, the US Dollar have some beneficial CPI and Retail Sales data. The technical analysis is indicating a short, as we have printed a shooting star off the third touch on the top trendline of our descending channel.
A nice short opportunity has appeared for CADCHF. We had a live analysis of this pair on our daily live session today. A nice inverted hammer off the top of a bearish pennant. The setup also has a nice R:R. We need a closure outside of the hourly trendline to confirm the short.
On EURUSD we have a descending channel on the daily time frame, as well as the hourly. Euro bulls have stalled a bit, and so we were able to draw a counter trend-line. We need a break of this CTL and a close below 1.10280 to confirm our possible shorts lower.
A nice setup we discussed on our daily live session, we need a closure below 1501 to confirm our short bias. If we do get that, we will get our classic break-retest-rejection which has lead our team to enter some amazing trades. Let us wait for price action to play out before we short to 100, and 250 pips down.