Yahoo Finance Three Nice Bullish Setups on the Market
Our picks from yesterday’s trading sniper video were spot on but let’s move forward and try to find another three good trading setups. First one is the EURUSD, which is having a third green session after creating a bullish engulfing pattern on the long-term up trendline. That was a great buying opportunity. The target is the 1.2530.
CADJPY created a beautiful reversal with an Inverse Head and Shoulders pattern and thanks to that, already manager to retrace more than 38,2% of the recent drop. That Fibonacci line will be now a closest support. The sentiment is positive.
WTI bounced from the long-term up trendline and is aiming the horizontal resistance. What we are having here is an ascending triangle pattern, which in theory should result in a bullish breakout and a further rise in the price.
This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis
This article was originally posted on FX Empire
