Hey traders,
how are you guys doing? and how has February treated you so far?
It’s almost Friday and though I don’t trade Friday’s, I am really tempted to take a trade or two because the setups look quite enticing.
Let’s see what am talking about.
1. USD/CAD
USD/CAD is currently wandering around the 1.25866 level
If the bulls fail to break that level, we could see price return to support level 1.25094.
Before we make any conclusion though, we need to get a confirmation because price could also break 1.25866 level and buyers could further take price to the next possible resistance level (1.26440)
2. GBP/USD
On the GBP/USD, support level 1.40117 is solid, we could get price reverse and head back to resistance level 1.41760
A breakout through support level 1.40117, and price could also hit 1.39305.
The daily candlestick close will reveal a lot to us
3. AUD/JPY
On the daily time frame, AUD/JPY has hit a critical resistance level, so, there is every possibility that price may break through support level 83.752 and head to 83.021.
For us to make any logical conclusion, we have to wait for the close of the daily candlestick.
If for any reason price refuses to break the 83.752 support level, we may most likely see price return to 84.522 resistance 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
