EUR/USD Daily chart
OOOHHYA!!! A very sweet channel seen above!!EUR/USD has nicely trended up for last few weeks and now it looks like it is moving up in a very disciplinary manner. Now since it looks like its on the top of channel and it has already form a Bearish Candle, so is it time to go bearish on this pair ?? I won't do that because if I did I would only break my rule of "Never go against the trend". I should wait for it to show me whether it is a retracement or a reversal.
AUD/USD 1Hr Chart
Good days for AUD/USD are probably over on 1 hr chart. But still there is one barrier that is of previous swing high that might has now become a Support for this pair. My strategy is to never sell on the support so I would wait for this pair to print more bearish candle and break that support level.
USD/CAD Daily Chart
I have showed you this Currency because not only the oscillator but also the bullish hammer in the end of the move is pointing out to buy this currency. I am going long on this currency and my profit target is going to be 38.2 fib level.
