Week of August 28 – September 1, 2017

GBPUSD: &nbsp has corrected nearly 500 pips over the last couple of weeks. Last week we witnessed and strong bounce off the 800EMA and a move towards the 200EMA. We are expecting GBPUSD to correct short (possibly setting up for a double bottom pattern) Look for: price to Consolidate, Stop Hunt to the top side and correct. SHORT

USDCAD: &nbsp had been on the decline for the last couple of weeks (pulling back to the EMA’s) and has dropped +300 pips. Look for: price to Consolidate, Stop Hunt to the bottom side and start to rise. LONG

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