Good day awesome traders,
Hope your day went well?, Thursday has some promising setups for us.
Time to check up some charts.
1. CAD/JPY
CAD/JPY broke out from a pennant’s resistance at level 86.014 and judging from the candlesticks formation, the bulls are still very strong. The next resistance level should be 87.096.
2. EUR/AUD
EUR/AUD broke out from two pennants’s resistance at level 1.59240 and 1.59846. The next resistance level will most likely be 1.61464. This is one setup I cant wait to see how it turns out
3. EUR/USD
Another breakout on EUR/USD. This is one breakout that took time before panning out. The whole of July, this pair formed a consolidation at the resistance level, before the bears took over.
Heading back to the same resistance line drawn, it broke out with ease, retraced, and I believe it is ready for the BULLS to take over.
In all of these setups, ensure you apply strict money management rules. NO SETUP IS 100% GUARANTEED.
Do have a beautiful day
Thank you for your sharing sir…
Hello Jason,
I am glad they are useful to you