London Session Analysis; USDCAD, GBPUSD, EURAUD & CADJPY
USDCAD
We anticipate a bearish action, expect the price to approach the (1DL) if it breaks below the low of the Tokyo session.
GBPUSD:
With strong volume and momentum driving the price higher, we recommend looking for opportunities to buy on pullbacks until we see a structural failure. Any sell-off without a structural failure is a potential buying opportunity.
EURAUD:
Currently trading below the London session's value area low, there is a possibility of a retest of the high, which was a high volume high. The best approach would be to buy in the event of a failure to make a lower low (LL).
CADJPY:
This currency pair can be tricky, but our overall strategy is to buy the dips and sell low volume rallies in CADJPY.
We anticipate a bearish action, expect the price to approach the (1DL) if it breaks below the low of the Tokyo session.
GBPUSD:
With strong volume and momentum driving the price higher, we recommend looking for opportunities to buy on pullbacks until we see a structural failure. Any sell-off without a structural failure is a potential buying opportunity.
EURAUD:
Currently trading below the London session's value area low, there is a possibility of a retest of the high, which was a high volume high. The best approach would be to buy in the event of a failure to make a lower low (LL).
CADJPY:
This currency pair can be tricky, but our overall strategy is to buy the dips and sell low volume rallies in CADJPY.