Hello traders,
let’s see what the market has for us:
1. GBP/USD
GBP/USD has broken into the descending channel, but price is still not out of the woods yet.
Before we join the buyers, price has to first brake the key resistance zone currently hunting price. If the daily candlestick closes as a bearish engulfing candlestick, then there is a possibility that price could continue it’s long abandoned bearish run to the previous support zone
2. EUR/USD
The key resistance zone could mark the end of the bullish feast.
One thing to note is:
If the close of the daily candlestick is not a bearish engulfing candlestick, we may need extra confirmation before selling the EUR/USD to the previous support level (0.95621)
3. EUR/CHF
A beautiful descending expanding channel can be spotted on the EUR/CHF. Price is obviously respecting the key resistance zone.
However, for the conservative traders, additional confirmation would be needed for those intending to sell this pair to the previous support zone.
What say you?
Traders who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
NOTE:
Hello traders, Are u tired of wasting ur money on failed prop firm challenges?
Say no more…
Fundyourfx is willing to give u a DIRECT FUNDED account at an affordable price If u are interested, contact me & get my coupon code for a -5% discount.
