GBPUSD
You can see here beginning of correction in the new downward trend. The price has not yet reached the correction zone of 33-66%. If this happens, I will look for opportunities to take short positions after a clear signal.
USDCAD
I forgot to mention this pair in yesterday’s review. As you can see its price was in the correction zone and it has reached its lower limit. As long as the quotes on the H4 chart do not close below the 66% abolition, I will be looking for buy signals on a 30 minute interval.
EURUSD
Eurodolar also found himself in the correction zone. Of course, you can look for short signals, but need to be careful, since the correction is not so obvious, and the last drop got only slightly lower than the previous low.
GOLD
Correction in the downward trend on GOLD reached around 50% of the last drop of the impulse. It is therefore possible to look for opportunities to sell on a clear signal in the form of lower lows and highs on chart M30.
