Relevant trade ideas on 11.07.2019

Hello. Below are a few recommendations for trading in the Forex market on 11.07.2019


On GBPUSD price formed a pattern of Rails in the area of the support level of 1.2500 again. Probably go to a small correction up, and then we will try to continue the trend down. The purchase pattern is not considered, because they are against the trend.


On a pair USDCAD price moves in the area of 1.3100 and formed today Absorption. From below the lower boundary of the sideways pattern and with sales I think you should not hurry. Will sell after the breakout.


On the USDJPY is out of level 108,500 and turned and formed the Takeover. Trend trying to break, and it is not yet clear, to work out whether the figure Head and Shoulders after a breakout. While I think that’s a shopping.


On the pair EURAUD formed a pattern Pin-bar. To the level 1.6244 a little not reached, but the box can probably finish the correction and resume the fall. It seems that we will try to reverse the trend on the downside. Look here to sales.

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