Traders Edge: Market Briefing 12/11/20

In today’s Traders Edge Market Briefing, Tomasz found those amazing setups we thought you’d find interesting!

Seems that Thursday will be a correction day on global stock exchanges, which is pretty normal and sellers should not get overly excited about seeing a red color on the screens

FTSE is getting ready for a bearish correction, probably aiming 38,2% Fibonacci

CAC is doing pretty much the same

Gold is defending crucial support on 1850 USD/oz

Oil is testing the most important support in the past few weeks – 41.3 USD/bbl

AUDUSD aims lower after creating the Head and Shoulders pattern

EURUSD goes lower after the false breakout of a dynamic resistance

EURAUD tests and bounces from the lower line of the long-term range

USDCAD bounces from the long-term horizontal support

CHFJPY – two safe haven currencies locked inside of the symmetric triangle pattern

GBPCAD with exactly the same situation