Hello Traders, are you interested in what’s going on market after US closing? 😉
Today’s session brought us a huge white candle, right after positive surprise at GDP data. CAD/JPY clearly is in a bull trend and we will probably get an engulfing pattern today. It is reasonable to think, that price is going to touch last high.
After couple days of consolidation, EUR/AUD finally find some bearish power to create a new low. Support area marked green is clearly broken which should lead us to open new short positions.
After a short retest of broken support, bears on AUD/CAD tried to find a new low. It didn’t work exactly as it should but if we merge last two candles on chart we will get a classic pinbar. Short positions on this pair are favoured.
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