In today’s Traders Edge Market Briefing, Tomasz has found these amazing setups we thought you’d find interesting!
American and European indices started the new week with small drops although Asia had a rather successful session
The EURUSD started with a small rise but it seems more like a dead cat bounce. I don’t see a chance for it to develop into something bigger
A better situation can be spotted with the GBPUSD, where price action suggests the that the false breakout is in place, which would point to a further appreciation of the Sterling
The USDJPY broke the upper line of the channel up formation, showing us a pure dominance by buyers
The CADJPY also climbed higher fulfilling expectations from the inverse head and shoulders pattern
The GBPJPY finally broke from the sideways trend, as you may have expected; to the upside. That brings us a long-term buy signal