EURCAD
Euro to Canadian dollar broke above resistance and that changes the short-term sentiment on the currency pair. Now we should observe H4 chart and look for PA purchase signals near above mentioned level.
If you are interested in Price Action Strategy description, you can read it here.
EURUSD
Eurodollar rebounded from previous resistance, which now should act as a support. H4 chart shows candles with long lower shadows and that may be treated as a purchase signal. What is more, inside bar setup is forming (last 4 small candles). If someone’s prefers more conservative trading he should wait for breaking from this setup.
GBPUSD
Similar situation on the Cable. Here also we can see a purchase signal, but it is not as clear as on the Eurodollar. That’s way I will not open a new position. If however correction and better signal occur, I will open longs.
USDJPY
Yesterday I wrote about purchase signal at USD to JPY. Really nice pin bar candle, but price moved too far from the support level. However during the yesterday’s session it retraced below the signal candle and I could open long position. SL 100 pips lower, TP 400 pips higher.
