Currency Trade Ideas - Dec 19, 2017

leantrading (25)in #marketanalysis • 7 years ago (edited)

EURUSD- Wait for a PB to minor resistance

EURUSD PB

USDCAD- After breaking a Weekly Mayor Pivot, it has been consolidating at the highs of the last bullish move. Soon It will test the daily 200 MA and Sideways resistance. Any breakout is likely to occur this Thursday with the CPI and Core Retail Sales announcements since it would be facing a strong resistance.

USDCAD Bullish consolidation

USDJPY- Weak upside movement within a downtrend correction, hasn't been able to overcome resistance
Entry: 112.544 SL:112.69 T1:112.30 T2: 112.2

USDJPY short call

GBPJPY- Looking for a the current bullish pattern to fail to enter short
Entry: 150.51 SL: 150.84 T1:150 T2:149.50

GBPJPY Short

#tradeideas #forex #daytrading #money

7 years ago in #marketanalysis by leantrading (25)

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afiqsejuk (59) 7 years ago

Very insightful technical analysis. Followed!

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