Good day everyone,
Another week is upon us, another target to hit, another mark to tick.
Let’s see what the charts has for us.
1. EUR/JPY
On the daily chart, EUR/JPY is bullish.
On the 4 hour chart, we can see a breakout of resistance level 125.539. If the breakout is maintained by the 6 pm candlestick, we may see 126.050 as the next possible resistance level.
If the 6 pm candlestick closes as a bearish engulfing pattern, there is a little tendency of the bulls taking price to resistance level 126.050.
2. EUR/AUD
On the 4 hours chart of the EUR/AUD, the 2pm candlestick closed by confirming a bearish reversal.
If you are interested in selling the EUR/AUD, you may need to wait for a slight pullback before getting in, in order to get a decent 1:1 risk/reward ratio.
Today’s setups are pretty much straight forward. Sometimes the market makes things a little easier for us traders.
Wishing you all a great week ahead.
I love your simplicity and how professional your analyses are. Keep it up
Sir Ay,
This coming from you sure means a lot boss. Thanks a bunch and God bless you