Forex Analysis: Pre London Session

Published on

forex analysis london session

Time Frame: 5 Minutes Chart
For this session we have the following picks:

EURUSD

We one trade active on buyers position. We are targeting it towards 1.1350 but if it breaks below 1.1316 then it will be under selling pressure.

EURUSD pre London session

EURUSD chart with Metatrader 4 custom indicator


USDCAD

Currently moving up but showing RSI hidden bearish divergence. IF market breaks above the opening price of 1.3235 then possible buyers zone but if stays below it, then it could be a sell zone.


GBPUSD

ADX, Ichimoku, MACD, SAR, Bollinger band all are indicating a bearish trend. But as currently, the price is above the opening price of 1.2891, so possible sell entry around 1.2911 zone or below the opening 1.2890 zone. If planning to buy then above 1.2919.


Leave a Reply

avatar
  Subscribe  
Notify of