Good day traders,
Another Thursday seem to be brewing some GREAT trading opportunities as usual. I am currently waiting for some candlesticks to close before I make any trading decisions.
Let’s go straight into our charts, we need to see where these trading opportunities at…
1. NZD/JPY
You remember this bad gyal?
Ok, if you don’t, check our Sunday analysis here
She seem to be ripe for harvest if you ask me. She has finally made up her mind to cross the 74.768 support level…BUT…, mind you, she hasn’t broken the support just yet, until the 10 pm candlestick has been established.
If the breakout has been confirmed, price may take another bearish move to the next support level (73.729).
2. EUR/USD
EUR/USD is also showing signs of a breakout from its support level (1.15317).
If the breakout is confirmed after the formation of the 10pm candlestick tonight, the bears should roam free to the next support level (1.13126).
3.EUR/AUD
Today would be the third indecisive day for the EUR/AUD. A consolidation around resistance level 1.61724 has been formed.
Co-incidentally, the consolidation formed is also around the resistance level. Mind you, this chart is on a 4 hours time frame and in my opinion, if I were to take this trade, I would wait a few hours before the UK session.
Today’s trades are pretty straight forward. I also appeal to those who are taking any of these trades, to do so with STRICT MONEY MANAGEMENT RULES.
That said, kindly comment your views about our analysis and if it has been beneficial to you thus far.
Do have a great day ahead
