Hello traders,
Some interesting setups lined up for the week:
1. EUR/CAD
Call it head and shoulders, call it a solid bearish breakout, you are correct.
The EUR/CAD is looking pretty, as we have two support zones convincingly broken:
- A key support zone that has held price since the beginning of the month and
- 200 moving average also compromised
All we need now is “PATIENCE”. Price still has to close on the daily time frame below these support zones, in order to get a sell confirmation. Then we can join the sellers to ride price to NPSZ.
2. GBP/JPY
Another solid breakout spotted on GBP/JPY.
The key support zone has held price for over a month, but is already compromised. How the daily candlestick closes, will give us a further confirmation. A close below the key support zone, is a signal to join the bears and ride price to the NPSZ.
What say you?
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