The EUR/USD pair is trading within the descending price channel on the hourly chart. I recommend opening long positions in case of a breakdown at the end of the resistance hour at the level of 0.9705 in order to increase to the resistance at the level of 0.9744-0.9783. Stop below 0.9620.
I recommend opening short positions after the breakdown at the end of the support hour at the level of 0.9624 in order to reduce to support at the level of 0.9584-0.9546. Stop above 0.9725.
Based on technical modeling for the pound/dollar pair, a forecast of further movement has been formed and the average is urgently predisposed to decline.
In this technical situation, the pound can be sold from the level of 1.0828, you can also place a pending sell order at the level of 1.0915 in order to reduce to the support area at the level of 1.0473-1.0297, with this strategy, you can place a stop at the level of 1.0955.
In the case of a profit of 30 points or more, we fix 50% of the position, and put the rest at no loss. If this forecast for the GBP/USD pair coincides with your opinion, then you can safely use this strategy.
The USD/CAD pair is trading within an uptrend on a 4-hour chart. It shows that the USD/CAD exchange rate is trading above the moving average with a period of 55 on the hourly chart (level 1.3620), which generally contributes to the price increase in the short term. I recommend working on this pair from sales based on the established wave model.
The signal to open a long position will be a breakdown at the end of the resistance hour at the level of 1.3751 in order to increase to the resistance at the level of 1.3807 and in case of its breakdown at the end of the hour to 1.3876. The stop loss with this strategy can be placed at the level of 1.3610.
The signal to open a short position will be a breakdown at the end of the support hour at the level of 1.3596 with the aim of reducing to support at the level of 1.3512 in case of its breakdown at the end of the hour 1.3442. The stop loss with this strategy can be placed at the level of 1.3705.
Given that the moving average and the location of the boundaries of technical figures are moving over time, it is necessary to adjust their position on the hourly chart. I also recommend opening positions at the end of the hour to avoid false breakouts.
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