Hey traders,
I have gone back and forth with all the pairs I trade, and one thing I have noticed is that there are few good setups this week. Hopefully, as the week progresses, we may see better setups
So, for me, I will stick to just two pairs as the trading week resumes:
1. EUR/JPY
Last week Wednesday, we saw a strong bullish move on the EUR/JPY, but it was short-lived as price slowly retraced its steps on Thursday and Friday.
Currently, price is resting at Fibonacci’s golden ratio, which coincides with an oversold stochastic, and above a 200 ma. This week, my bias is bullish. We are likely to see price revisit NPRZ.
So I will be waiting for a rejection around the key support zone as the market opens before joining the buyers
2. CAD/JPY
The CAD/JPY has the same outlook as the EUR/JPY
So this week, I am also bullish on CAD/JPY, and all I will be looking out for are rejections at the key support zone before joining the buyers
What say you?
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