-GBPUSD has had quite the volatility in the past weeks, creating this very overextended climb into this major weekly support.
-Weekly RSI approaching 68, I would never consider taking a trade solely on rsi; however it adds nice conviction in confluence with levels and price action.
-Will be looking for shift of structure at this major level on the 4hr timeframe...
USDCAD is approaching major weekly support after the multiple weeks of a sell of off; in line with a .618 fibronacci retracement. Although as price rest on this level of demand, it will need a few days to mature.
-On the daily time frame we see an overextension to the downside as the RSI nears 30 with levels in line with weekly as well.
-Personally I'll be...
