Weekly Forex Trade Planning Session

Analysed Pairs: CAD/JPY, GBP/USD, USD/JPY, USD/CAD, EUR/CAD

Market Overview:
USD & JPY: Bullish
CAD: Mixed
EUR & GBP: Weak

Price Analysis:

CAD/JPY:
Trend: Downtrend
Current Position: At Momentum Low
Outlook: Expecting a bullish pullback in the next phase.

GBP/USD:
Trend: Downtrend
Current Position: Trading at Momentum Low 5
Outlook: Potential for bearish continuation. Watch for a bullish reversal above 1.2186. A break below 1.2160 could signal further downside.

USD/CAD:
Trend: Strong Uptrend
Current Position: After a trend reset breaking the momentum high
Outlook: Avoid buying at the high; wait for a pullback to go long. Alternatively, look for short opportunities if the price breaks below the reset point.

USD/JPY:
Trend: Correction in Downtrend
Current Position: Observing Wave Structure 3
Outlook: Potential for a bullish secondary trend. Using Fibonacci levels, the price has paused at the 61.8% T2 target. If the high of Wave 3 isn't broken, the downtrend may resume.

EUR/CAD:
Trend: Trend-changing pattern after last pullback
Outlook: Look to sell on a break below 1.4860, with targets at 1.4825 and 1.4810.

Happy Trading!