Hello traders,
Today is consolidating Thursday in the market, and it truly is for one of our setups we will be looking at. Let’s hit the charts.
1. EUR/USD
I shared this setup on Sunday, and I believe this is the right time to sell if you share the same bias as me.
Price has spent over 48 hours trying to break the key resistance level (1.13735), but failed.
The bears are gradually coming in, and we may most likely see price return to a previous support level (1.11905)
2. AUD/JPY
A strong bearish pin bar on the daily chart of the AUD/JPY, which signifies that price was rejected from the consolidation band, and secondly the bears are most likely ready to push price down to the next possible support level (78.874)
What say you?
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