Heeeey Traders,
It’s almost Thursday, let’s see what the market has for us…
1. GBP/CAD
On the daily chart, the GBP/CAD has a huge bullish outlook.
A bullish pin-bar can be seen, however, we JUST have to wait till the daily candlestick closes before we indulge this pair.
If price closes this way, there is a huge possibility that price will vomit over +200 pips while hitting its next possible resistance level (1.66084).
2. CAD/CHF
CAD/CHF on the daily chart looks MADLY PROMISING.
We can see a descending channel already forcing price down as it touches key resistance level (0.75692).
In order to fully capitalize on this trade, I would suggest we sitting on our hands till 10 pm in order to see how the candlestick closes for the day.
If our bearish bias is confirmed, we could be looking at over a +150 pip move to our next possible support level (0.73410)
Alright, dudes and dudettes…
We are done for the day, join us again tomorrow for another analysis in the market.
As always, do remain pip-full.
