Weekend Charting - NZDCAD & EURUSD
Let's have a look at some potential trade setups coming up next week.
NZDCAD H1 chart completed a Bullish Bat pattern. It bounced for a bit and is now back at the PRZ levels of 0.8740 levels. The down momentum down is quite strong, so we have to approach this trade with caution.
Being immediately bullish will be against my USDCAD trade (Click Here to see). Hence it would be good to be patient and look for reversal signs before we can turn bullish on this pair.
EURUSD H4 - Bullish trend, Bearish Shark forming.
I would like to continue to be bullish and follow the uptrend we see in the last 2 weeks of Nov. However the support TL will be critical to this bullish views. I also see a Bearish Shark pattern completing at the 1.21 levels
Let's track these trades together next week and see how they develops.
Trade well and trade safe
I would be looking to make a trip up to Kuala Lumpur in the middle of December. Stay tuned my friends.