Weekend Analysis – CADCHF yet another Bat winner (+45pip)
CADCHF came and CADCHF delivered. Once again, the pair displayed a Harmonic Pattern, this time a Bearish Bat, and it moved accordingly to lock us another +45pip profits.
Weekend Analysis – EURGBP Expecting a bounce towards 0.88
With the latest news coming out of the British Parliament, PM Boris Johnson is being forced to ask for another extension to the Brexit deal. We could potentially see a recovery bounce for EURGBP
Weekend Analysis – AUDUSD Completing a Bearish Bat Pattern
The AUDUSD surged to close at the monthly high at around 0.6855. The employment data came in close to the expectation. Unemployment rate came in at 5.2% vs the expected 5.3%. This upbeat data eases the pressure of the RBA rate cuts in November.
Weekend Analysis – GBPJPY – Could we see a stumbling block this Saturday?
Boris Johnson has made progress with the EU representatives, now the main potential stumbling block will be the British Parliament sitting on a Saturday to debate and vote on the Brexit deal. Every vote will count towards the success of the negotiations.
Weekend Analysis – CADCHF Bearish Bat & Bearish Shark
Charts showing us a Type 2 Bear Bat with a Bear Shark on the lower TF, all at a Sell Zone. Monitoring and trading this with caution.