Hello Traders,
It’s almost mid-week, and just in case you don’t ever notice it…
There are almost always cool setups to trade in the market when it’s approaching Wednesday.
Let’s hit the charts, and see what the market has for us.
1. GBP/USD
GBP/USD has finally broken the 1.31809 resistance level that’s over 5 years old.
If the close of the daily candlestick authenticates it, we may see price hit a new resistance level (1.34260) before the close of the week.
2. EUR/USD
A Triple top formation on the EUR/USD seems to be broken on the 4-hour time frame.
Personally I would love to see some authentication of this breakout judging from the close of the daily time frame candlestick.
If the breakout is confirmed, our next possible resistance level would be 1.20657
3. USD/JPY
Since the market resumed on Sunday, we have known nothing but a bearish aggression on the USD/JPY.
Presently price is resting on support level 105.328
Do you think the Bears have what it takes to break the present support level?
If they do, we may most likely see price hit support level 104.800. Let’s not also forget that a reversal at this point may take price back to resistance level 106.254
What say you?
ATTENTION: For those who are interested in joining our FREE trading group on Telegram, where trade ideas are discussed, which may assist your trading career while being infected by positive vibes
Smash the link: https://t.me/joinchat/FN30PxlwXbk2BcuTDdH5yg
