Gqiha

Gqiha

EurJpy formed a head and shoulders pattern ... which broke out corretively ... in most cases corrective breakouts are fakeouts ... the area where price rejected and went up appears to be some sort of support ... it broke above resistance 153.000 ... which will turn into support when price tests the area to turn it into support ... and price has formed a bullish...

Gqiha

GbpAud formed a head and shoulders pattern which is a reversal pattern ... and secondly it retraced forming a bearish flag

Gqiha

On NzdCad I see a buy towards the top of the channel ... simply because price has created a higher low ... thus making it support ... secondly it's formed a bullish flag ... thirdly there is a potential upside down head and shoulders formed indicating strong bullish movements

Gqiha

If GbpCad breaks below the 1.67027 area which is currently acting as support ... we will wait for a retest of the newly found resistance as well as a third touch at the descending channel