EUR/CAD
Yesterday cross pair brought a purchase signal (pin bar candle) – it is a important signal from daily chart and SL should be more than 100 pips – buy limit put at 50% retracement of the signal candle. However, potential target is 650 pips above.
GBP/AUD
Currency pair tests the resistance. Trend is surely upward, so we should only look for long positions. Such opportunity will occur after bullish candle breaking current level and after re-test from the top. If price falls, then we will observe the Price Action near the closest support.
GBP/JPY
Yesterday we saw a selling signal. Bearish pin bar candle formed (H4 TF) – however it was fake one. Pair stopped moving in a technical way (huge emotions on JPY after demand moves on Japanese indices) and for now I will not look for trading opportunities here.
GBP/USD
Cable after breaking above the resistance, moves in the direction of this level once again. Re-test from the top and potential purchase signal will be a great opportunity to open long position. It is worth to observe!
