AUD/NZD – last Friday on the H4 chart a pin bar candle occurred testing the resistance and the upper edge of the channel. It triggered a downward reaction. Currently, a similar candle appeared after a slight correction. It seems that the downward trend will be sustained and soon another supply impulse may emerge. In this context, consider PUT option.

GBP/CAD – Monday morning indicates Pound as one of the weakest currencies. In pair with the strong recently “Canadian” breaks out from the consolidation on H4 chart. As you can see, the price has a lot of space to the level of the previous lows, and the consolidation was preceded by a strong downward movement. It seems that the breakout can be treated as the end of the correction. So consider the PUT option.

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