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Australian dollar to Japanese yen approached important support. 3 supply sessions in the row retraced more than 12 bullish candles! Now we can look for long positions, but taking into account the strong momentum, we will need a really nice purchase signal from D1 TF.
Support was dynamically broken at AUDNZD. That changes the sentiment to the bearish one and we will look for short opportunities. The perfect scenario here – re-test the previous support from below, price action sell signal and short position.
On Friday, EUR/CAD approached resistance and the sell signal occur. Currently however price tries to negate that formation. It may be another pair where technical patterns are not working currently. Too many emotions and volatility on the markets…
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Euro to US dollar found itself near really important resistance. Monday’s session may decide about the future direction during next few sessions. If daily candle closes above, we will look for longs at H4 chart. Moving down from current resistance will be however a selling signal.
Cable generated sell signal. Price approached resistance, tested it and closed in the form of supply pin bar candle. Currently we can see upward correction which allows us to open the position with good RR ratio, targeting the closest support. I will open short: SL 50 pips and TP 150 pips.