Hello traders,
Wednesday has some pretty interesting setups. Let’s see what they look like
1. USD/CAD
Head and shoulder formation can be spotted on the USD/CAD. The neckline is presently overwhelmed by the bears, but we will come to that conclusion at the close of the daily candlestick
If the breakout is certain, then our next possible support zone will be pink band
2. USD/JPY
Finally on the USD/JPY, it seems the bulls have been butchered by the bears.
If the close of the daily candlestick gives us a bearish confirmation, then price next stop will most likely be the pink band below
3. CAD/CHF
CAD/CHF looks good to sell, but price still has to break the ascending trendline currently serving as a support level.
If we do get a bearish breakout this week, then our next possible support zone will be the blue zone
What say you?
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