Good Evening Legendary Traders,
The week has officially started with so much activity in the market. It’s been a while I have experienced such liquidity in the market.
Well, let’s see if we could make money off the crazy liquidity.
Let’s hit the charts fam…
1. EUR/AUD
For about a week now, price on the EUR/AUD has been hovering around the 1.60772 resistance level.
Today the price smashed the resistance level like Hulk smashing through his enemies. Over +100 pips above the former resistance level.
Personally, I can only think of joining the trend after a little pull-back. The next resistance level should most likely be 1.63513.
2. NZD/JPY
NZD/JPY has also been battling with a key support level (72.046) for close to a week.
The Bears finally won the battle of the supports, and price is running free to possibly the next support level (70.152).
We may see a slight pullback before the bears begin their journey to the next possible support level.
I love such setups fam, it makes our analysis easier.
Wishing a beautiful day ahead.
