EURGBP and USDCAD update

Good Morning Dynamic Traders

The EURGBP mentioned throughout this week, has in fact found support at the strong cluster area and today price is testing the TL resistance. Could this be the end of the pullback and the start of price resuming it's current uptrend? Price still has some way to go before breaching the previous high so anything could happen between now and then, especially as we have a couple of R levels to contend with. However, the odds for a continuation up are still in our favour. My preference is to await a BOB of the next R level before entering.

















USDCAD is forcing price into a squeeze and at this point the smart thing to do is stand aside and wait for price to decide its course. We do have the possible 123786 pattern and coupling this with the trend direction odds are in our favour for a continuation south. But let's watch and wait patiently before taking any action.

















Have a wonderful weekend. Despite the grey weather outside, have fun! An attitude of gratitude will always shower your life with lots of colour.

Here's to great trading!
Sonia Molina