We are seeing a nice setup on USDCAD as it is testing our first resistance and we expect price to drop to our major support target. Ichimoku cloud is also seeing signs of bearish pressure, in line with our bearish bias. XAUUSD is also approaching our major resistance and descending resistance line where we expect a strong reaction to occur below this level, pushing price down to our major support target.
These are some of our nice calls previously:
1. GBPJPY dropped nicely from our resistance:

2. XAUSD reacted nicely off our first resistance and is approaching our major support:

Share this post: