Happy Sunday Traders,
How are we doing, and hope our weekend was restful?
The month of January has been quite turbulent for me, but if there is anything I am thankful for is the fact that my money management practices has saved me from a lot of trouble.
I am still hopeful that the month will close on a good note.
How has your trading been this month?
You can share by commenting below
Let’s see what the market has for us this week.
1. EUR/JPY
The EUR/JPY closed last week with a decent bearish breakout.
Support level 125.876 was broken by price like it never existed. This week we may see a major or minor pullback, before price continues its journey to 124.434
2. AUD/JPY
The AUD/JPY broke a key support level (80.249) last week, but it also had another support level to contend with (80.019)
The 80.019 support level caused a pullback of price last week. This week we may most likely see price drop till it hits support level 78.967
3. XAU/USD
Last week we saw Gold play between the 1858.71 & 1824.72 resistance support level, despite the fact that the overall trend being bearish.
Personally, I will be waiting to see if the support level 1824.72 gets broken.
If it does, a bearish confirmation will be all I need to go bearish till price hits the next possible support level.
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
