Hello traders,
There are some interesting setups lined up for the weekend:
1. USD/CAD
For almost two weeks, I have been waiting for this bearish setup.
The 200 ma humbled the sellers as price market closed last week, hence giving us a beautiful bearish candlestick that closed below the key resistance zone
This week, we are most likely going to see a continuation of the downward movement of price, and price possibly hitting the 1st PSZ before the close of Wednesday market
2. EUR/USD
Wednesday and Thursday last week was a stalemate for both buyers and sellers after price hit a key support zone and 200 ma on the daily time frame. Friday closed with buyers having an upper hand
This week, I see a scenario where price will favor the buyers and NPRZ may most likely get hit
3. CAD/JPY
Triple top is in view on the CAD/JPY.
I will be waiting this week to see how the Monday daily candlestick closes before mapping out my plan.
If we do get a strong rejection at the key resistance zone, then we may see price hit NPSZ before the week runs out.
4. GBP/CHF
GBP/CHF looks interesting.
The 200 ma has held buyers in check since July 2023
Let’s see how buyers will react when they get to my area of interest. A rejection means NPSZ will get hit once more.
What say you?
NOTE:
-
THE FUNDED TRADER: (Use the coupon code: THE0CRAFTER)
- BESPOKE FUNDING PROGRAMME
- FUNDED ENGINEER
- BLUE GUARDIAN (Use the coupon code: CRAFTER)
- GOAT FUNDED
- LARK FUNDING
- SKILLED FUNDED TRADER
- MAVEN TRADING
- MY FLASH FUNDING (Use the coupon code: “FILLIPO” for a -25% discount)
- THE5ERS
