We can see Price has shown Strong rejection off the 0.618 Fib creating a morning star reversal candlestick pattern. Although it looks like its creating LH and LL, the higher TF always rule!
Daily - This also shows a Inverse H&S retest.
As we can see that EURCAD has created some sort of Cup and Handle formation and now we await confirmation. We're waiting for a H4 rejection off the 0.618 fib (Risky Entry) or the break of handle (Conservative Entry). Make sure to risk manage well and take profits along the way.
We've had the impulse move upwards and the correction phase. Now we wait for the breakout candle and we can enter longs to TP around 1.88xxx according to fibs. I will be looking on the H1 TF for the breakout and will probably have around a 100 pip SL so make sure you RISK MANAGE!
CADJPY has formed a Bearish Flag on the 4H TF and we can see that its starting to break out. I am awaiting the 4H closure on the breakout of the flag for my entry. Another nice confluence is that its below both 50 and 200 ema to help assure us for our short trade.