AUD/JPY Daily Candlesticks & Ichimoku Chart SHORT
With the bearish close on Fri, shorting AUD/JPY with a stop above the recent highs gives us a good risk vs reward short based on the daily chart.
EUR/CAD Daily Candlesticks & Ichimoku Chart SHORT
Last week, EUR/CAD tried to test the bottom of the daily Ichimoku clouds and failed. The close also resulted in a bearish candle. The recent two previous occasions when this occurred resulted in sell-offs in the days after. There’s a good chance that EUR/CAD will test new lows soon. (Note: EUR/CAD has reached our short term target yesterday and profits taken – after this chart was sent to our subscribers. Will look to sell again on rallies as we foresee EUR/CAD to continue moving lower)
Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are extracts of our weekly subscription product – “CIO’s Week Ahead Update” which provides analysis for the week ahead, first sent out on Monday of the week.
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