Overview of Forex market in 8.01.2020

Hello Below you will see what to pay attention when trading in the Forex market 8.01.2020


EURUSD formed a pattern of Absorption bounced off of 1.1200. The price up is not allowed, but the sales pattern is not yet considered, because the trend is upward.


Again on GBPUSD rebounded from the level of 1.3200 and formed pattern Inner bar. The plan here all the same continue to keep sales from the trend line. With the expectation of further decline and the development of the down trend.


On a pair USDCAD pattern of Absorption, but the support under it, I have not found. As the current trend is down, so buying here is not considered. Waiting for signals to sales level 1,030500.

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