EUR/USD: "Shooting Star" launched bearish rally

EUR/USD: "Shooting Star" launched bearish rally

EUR/USD: "Shooting Star" launched bearish rally

The last “Harami” and “Three Methods” led to the current decline. Considering that there isn’t any reversal pattern so far, the market is likely going to continue falling down towards the 89 Moving Average. If a pullback from this line happens, there’ll be an opportunity to have an upward correction.


EUR/USD: "Shooting Star" launched bearish rally

Monday’s “Window” has been closed by the last bearish candles, so the price reached the lower “Window”. In this case, bears are likely going to continue pushing the price even lower.



GBP/CAD targeting lower levels

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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