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Chart Talk 28-08-13 

Last Updated: August 28, 2013

By Rayner Teo

Watching for potential reversal around the 147 – 148 zone for Gbpjpy. Traders can either look to place a buy limit order or wait for a bullish reversal pattern to get long.

gj

 

Right shoulder seems to be completing on Eurusd. A break of the neckline would see price heading towards the 1.3200 level. Traders can look to short on break and close below the neckline with stops above the candle high.

eu

 

A potential bull flag forming on Eurcad. Traders can look to place a buy stop at 1.4080 with stop loss at 1.4010. If price breaks below the flag, the trade is negated.

ecad

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