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CURRENCY ANALYSIS
POSSIBLE TRADES
TECHNICAL COMMENTARY
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MAIN HIGHLIGHTS & TODAYS PAIRS

EURO CAD - AT CROSSROADS BETWEEN TREND LINES

GBP USD - SHARP CONSOLIDATION REVERSAL ABOUT TO START
GBP CAD - STARTING TO MOVE SIDEWAYS - BEARISH BIAS?
NZD USD - STARTING TO PULLBACK AT BREAKOUT EQUIVALENT

CURRENCY ANALYSIS

Downtrend Line hit, may break bearish to resume downtrend;

Possible Pennant Setup that will determine direction;

 Pulled back sharply after breakout, starting False Breakout;

Break of Counter Trend Line would start the expected reversal;

Attempting to continue rally above Outer Downtrend Line;

Now moving sideways- needs a clear signal. Bullish or Bearish?;

Break of Range, but now at Breakout Equivalent of Pennant;

Starting to pullback at that area, although not aggressively as yet;

PAIR

SETUPS & SIGNALS NEEDED

GBP CAD
GBP CHF

DAILY BULLISH CANDLE

BREAKOUT SIGNAL/ BREAK TO SUPPORT

GBP USD - LONG-TERM TRADE

The setup on the GBP USD is looking to be a False Breakout Reversal back inside of
the Large Consolidation. This is based on the rally that has taken back above the
Support and the Bullish Crown/Head & Shoulders Pattern on the Weekly Chart.

As we know from the theory that links the Larger and Smaller Charts, if the signal on
the Larger Chart is going to be successful, the corresponding Smaller Chart will
respond with a signal as well. Therefore, if this rally is going to take place, then the
Daily Chart will provide a setup and signal to do so.
Based on what we have seen so far on the Daily Chart, this could take the form of a
Counter Trend Line break. This would lead to the start of the rally to the Resistance.

Those who hold trades for long periods, this would be an ideal trade to capture several
hundred Pips. If the signal and setup are strong enough, close to 800 Pips in gains
over a few weeks is possible.

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