Consolidating Thursdays hitting us with CAD/JPY, EUR/USD & EUR/AUD

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 

 

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