AUDJPY
On AUD/JPY currency pair I am still waiting for sell signal. Previous support was re-test from below, but we did not get any selling signal which could give us opportunity to go short.
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EURCAD
Really interesting situation here. After breaking resistance, we saw a pullback and now price consolidates near the above mentioned level, which acts now as a support. Next resistance can be found 300 pips higher and small signals in the form of pin bar candles allow us to consider long positions.
Potential stop loss should be put below minimum from May 5th – 60 pips lower. Taking more risky approach and putting SL in the half of that range we could get 10:1 RR.
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GBPCAD
Currency pair is increasing since the mid-April, but we still should treat it as a corrective move. However it may still broaden, so according to the short-term trend opening a position near support may be a god idea. After price gets there we will see how it behave.
