EURCAD is currently close to support. See picture below for discussion.
Category: Charts, Levels and Strategizing
One of the charts I like for this coming week is that of the EURJPY. See chart below for discussion that follows:
In this post I’m taking a look at AUDUSD for a possible long.
Last week I wrote that my plan was to go short EURGBP and long USDCHF depending on certain levels that must be reached and confirmation in terms of candlesticks. You can find the post from last week here.
In today’s post I’m looking the USDCHF which is in an uptrend and the EURGBP which is a downtrend.
Last weekend I wrote about the USDCAD that made a lower low here. I suggest you read that post first before reading this one.
In this post I’m taking a look at the USDCAD, but first I want to make a couple comments on last week’s post where I discussed the CHFJPY.
The chart below is that of the CHFJPY daily and it is currently testing support.
In today’s post I will be discussing the inverse head and shoulders pattern that recently formed in the USDCHF forex pair. This was on the daily chart and the breakout happened on the 1st of February 2021. I will give my opinion / insight on how I think traders out there might / could have traded it; hoping readers gain some insight from it. Let’s start.