Today we are seeing a nice setup on CADCHF as it is approaching our major support which coincides with a Fibonacci extension and Fibonacci retracement level. Stochastic is also seeing a bullish exit, in line with our bullish bias. We are also seeing a nice setup on GBPAUD as it is testing our short term descending resistance line and our first resistance where we expect a drop to occur. RSI is also approaching our resistance and we might see a corresponding drop in price should it react off that level.

Here are some of our nice calls:

1. EURJPY rose perfectly from our first support to hit our major resistance target:
https://www.tradingview.com/chart/EURJPY/FqwpPO4D-EURJPY-approaching-support-potential-bounce/

2. GBPJPY rose nicely from our first support to hit our major resistance target:
https://www.tradingview.com/chart/GBPJPY/sJe9lR0P-GBPJPY-is-approaching-support-potential-bounce/

3. We caught the breakout on EURAUD and it rallied up perfectly to our major resistance target: https://www.tradingview.com/chart/EURAUD/SyXQIxqZ-EURAUD-broke-out-of-resistance-further-potential-rise/

Share this post: