Forex patterns, trends and trade ideas [Video]
|Today’s trade ideas
4 hour chart for USDCAD going back a whole year - the sideways range is obvious. (See above).
However we are in a 3 month bull trend & have broken above a 3.5 year trend line so I will attempt longs on a pull back.
AUDJPY very much stuck in a 3 week channel from 9450/40 up to 9580/9600. (See chart below).
AUDUSD mostly sideways for 2 months in a longer term bear trend so I am happier selling at resistance.
GBPJPY stuck in a range from 181.50/30 up to 183.50 for 3 weeks & a greater sideways range for 4 months – see below.
GBPCAD ranges from 1.6630/20 up to 1.6790/1.6810.
GBPUSD in a 3 month bear trend so I have sell levels on the sheet
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