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2 CAD, DAX Setups

Published 09/14/2018, 04:42 AM
Updated 05/14/2017, 06:45 AM

GBP/CAD is tricky! First, we had two shooting stars bouncing form an important resistance, then a dark cloud cover pattern and then, a breakout of the support. None of those, gave a proper trading signal. They were fake. Currently the price is aiming higher and is about to test the major resistance again.

NZD/CAD is aiming the resistance, after the price created a second pennant in the past few weeks. Short-term bullish sentiment is very probable but the long-term negative approach remains intact.

DAX bounced from the long-term neckline of the giant H&S pattern. That delays the sell signal but just for a while. Currently, the price is challenging a major mid-term resistance and we have high chances that we will see a bounce here and another bearish wave.

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