USDCHF GBPCAD Trades + EURAUD GBPNZD Setups! (Analysis 2020-08-04)

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We have a couple of setups in today’s analysis as well as two new trades. USDCHF was exited and then re-entered as price broke through my entry level so I’ll be keeping an eye on this short breakout. We then have a short reversal on GBPCAD that some of you may have jumped into!

Setups today show a strong potential reversal on GBPNZD from resistance, as well as a reversal on EURAUD. I will be looking to go long on EURAUD if price manages to push down to support as I prefer that setup. Finally, I am still waiting for USDCAD to push down and give us a breakout trade.

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