On the AUDCAD 4H timeframe we were just a few pips away from a completion of a perfect AB=CD pattern. It looks like price could use a reaction and the point D seems like a great idea for that.
I'm waiting for a breakout of the trendline and enter from there, to confirm the switch in momentum.
On the 4 hourly timeframe on the EURCAD I'm looking to enter long at the previous structure area that we have recently broken.
Enter is at 1.43150. Target will be the gap that is yet to be filled at 4.46550 area. Stop loss is for you guys to figure out :)
Good luck traders! Updates will follow.
On the GBPUSD we have a potential bearish cypher pattern taking shape on the lower timeframes. Entry and completion of this pattern is at point D, valued at 1.22337.
Target is at 1.22100.
Good luck traders!