GBPJPY
Strong consolidation is seen in pairs where the base currency is the sterling (GBP). A good example would be GBPJPY, where quotes have set a new high breaking the previous three.
In this particular case, however, a correction and a subsequent growth impulse are needed so that we can talk about a change in the trend. The continuation of the trend is already visible in pairs such as GBPUSD or GBPCAD, where after correction you can look around for opportunities to buy.
AUDCAD
The AUDCAD pair corrects the last upward momentum and reaches its abate zone (33-66%). The north direction is in force, so you can look for buy signals.
EURAUD
Here, the buy signal mentioned above occurred. Recent upward trend was continued, establishing a new high. The correction led to thelevel of 50% reduction of the last impulse.
There on the M30 chart occurred a buy signal when after the closing of the candle was broken sequence of lower lows and lower highs. The position is working, it is waiting for further developments. SL under the last low. The first goal for R: R is 1:1, the rest will follow the strategy.
A signal occurred also on EURUSD after closing the candle at 7:00, which made me a little late to open.
NZDUSD
Also, a buy signal may appear on the NZDUSD currency pair. Correction tests the zone of abolition of the last growth impulse (33-66%).
In the case of trading on pairs with dollars, it is worth paying attention to Janet Yellen’s afternoon speech.
The analysed instrument is offered by the broker XM, which provides spreads from 0.0 pips, more than 300 instruments and $ 30 start >>
NZDCAD
Situation similar to the above. Since the beginning of the current week, a really strong upward momentum has emerged that has changed the direction of the trend. The northern direction is in force ,search opportunity for going long.
