An interesting day, price-action wise, yesterday.
Today, more Q1 earnings reports – may put spanner in the works.
Overnight, price coiled around the highs of yesterday. Price is above yesterday’s POC and has tested yesterday’s high several times.
My take is that price will shoot through the October highs. As to whether it continues, that’s down to earnings...
EURCAD we have had a double top on the higher time frames meaning a trend reversal.
price has broken the ascending trendline and is now at a key level looking for a brilliant sell off to complete the M formation.
150 pip move risking 50 pips to gain 150