{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurgbp-usdcad-trade-signals\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurgbp-usdcad-trade-signals\/","headline":"EURGBP & USDCAD Trade Signals","name":"EURGBP & USDCAD Trade Signals","description":"This week we covered two setups as they formed on the daily charts of the EURGBP and USDCAD.   EURGBP DAILY CHART Earlier in the week we discussed a live 2 bar reversal that had formed on the daily chart of the EURGBP. To read that post see here: EURGBP 2 Bar Reversal. From this […]","datePublished":"2013-02-17","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/1eurgbp.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/02\/1eurgbp.png","height":"429","width":"574"},"url":"https:\/\/forexschoolonline.com\/eurgbp-usdcad-trade-signals\/","about":["Price Action Charts in Focus"],"wordCount":217,"articleBody":"This week we covered two setups as they formed on the daily charts of the EURGBP and USDCAD. EURGBP DAILY CHARTEarlier in the week we discussed a live 2 bar reversal that had formed on the daily chart of the EURGBP. To read that post see here: EURGBP 2 Bar Reversal. From this setup price popped higher and went onto test the near term resistance. This has now given the traders who took this setup the chance to take profit or at the minimum protect capital and look for bigger profits should price pop higher through resistance.  USDCAD DAILY CHARTThe setup we\u00a0discussed\u00a0this\u00a0week on the USDCAD daily chart was a bearish\u00a0engulfing\u00a0bar that formed up at a swing high and rejecting resistance. To read the original post see here:\u00a0USDCAD BEEB. In that post we highlighted the fact that price should it break lower was trading straight into the important Very Big Round Number of 1.000. It was no\u00a0surprise\u00a0to see that when price did break lower it moved straight to the VBRN and popped through moving to a low of 0.9999 before rejecting and moving higher. This highlights the importance of keeping an eye out for these major round numbers and trying to trade away rather than\u00a0into them. \u00a0 "}