Have my weekend analysis for USD/CAD, I have taken this trade and am currently holding it over the weekend.
My reasoning for the short is that the price has broken out of a flag which is in the middle of a higher timeframe descending channel. We may see a retest on this lower trendline of the flag and then a continuation back to the downside.
Markets are about to open and I am about to present my final piece of analysis for the weekend,
Here we have GBP/USD, as we can see there is a strong descending channel which has held for over a 16 months, with this in mind I think that we could see a short position play out and a move to the downside could come in the next day or so.
Here we can see my analysis for EUR/USD, we have a bull flag which has formed above my daily channel which has held for over three months. We can use this as a form of confirmation which may lead to me take this trade. There are two possible outcomes which I think may happen:
1) If the price rises and breaks out of the flag, we will more than...