Hello traders,
Some interesting setup are lined up this week, let’s check them out:
1. EUR/USD
The key resistance zone holding price was partially broken last week on the EUR/USD. Remember that price has also convincingly broken the resistance level of the ascending channel.
This week we may see a retest of the key resistance zone before price starts the bullish run to NPRZ.
2. USD/JPY
On the USD/JPY, price closed last week with a strong bullish candlestick bouncing off a key support zone and 200 moving average.
Stochastics also gives us an oversold outlook, which is a further confirmation that price will most likely visit NPRZ, or do a 50% retracement
3. AUD/USD
On the AUD/USD, price observed the double top pattern last week, and dropped 60 pip before the close of market.
This week we may see a pullback, before the bears reinforce to break the current support zone, and possibly move another 60 pips to NPSZ
4. CAD/JPY
This week I may be going slow on CAD/JPY, as it’s locked within a consolidation band.
After price broke the ascending trendline, the bears chickened out of a battle they were already leading in. This week if price does not break below the consolidation band, I will be chewing pop corn by sidelines.
If it does, then I will be bringing out my buckets to pack over 250 pips by the close of the week.
What say you?
NOTE:
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MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
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