Markets Price Action and Formations: THE WEEK AHEAD DEC 16 - 20, 2013. CADCHF NZDUSD NZDJPY GBPCAD

 GBPCAD still is in a very bullish run, however, corrective sell offs are expected until about the key support at about the horizontal / trendline supports as indicated above.

NZDJPY: we still continue to look out for bullish entries on this pair. It currently shows a bullish continuation trade setup in the Inside Bar it presents at the moment.

NZDUSD: There is a clear Pin Bar bullish continuation trade setup on this pair. The bias on the pair is slightly bullish and we expect price to attempt to break through the bearish trendline as shown on its chart above.

CADCHF: One of the greatest virtues in forex trading is patience. Those who were really patient with this pair based on my initial recommendation would have made up to 1:7 risk reward on its bearish trade setup we discussed a few weeks back. Expectations are now for a corrective bullish run.


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