Hello Ladies and Gents,
The trading week has officially begun.
Let’s hit the charts and see what the market has for us.
1. CAD/CHF
CAD/CHF is looking hot and ready to give a few patient traders some dough.
Price is hitting a key support level (0.73453) on the daily chart for the fourth time.
Waiting for a bullish reversal confirmation is very important. If that happens, we most likely will see price hit price level 0.74850 as the next possible resistance level.
If a bearish breakout is confirmed, there is a huge possibility that the next possible support level would be 0.72009.
2. USD/CAD
The USD/CAD on the daily chart has been pussyfooting between the 1.32430 and 1.31825 level.
That said, there is a possibility that price could be closing with a bearish pin bar as seen presently.
If it does, we could be looking at price heading to the next possible support level (1.30251)
NOTE: Patience pays, don’t be in a rush to take any trade until your system confirms it
We are done for the day guys
Join us again tomorrow for another market update.
Stay pip-worthy fam
yo..yo..yo..kamerad..by this Tuesday evening EurJpy on the way to 114.85 let’s rockin’…gdluck
Good luck Kadek