Hey traders,
how is the market treating you so far?
I just spotted some viable setups, let’s quickly check them out
1. EUR/USD
On the EUR/USD, The fourth support leg of the ascending channel failed to hold, so did the consolidation band.
Though we are currently entering the Asian session, a sell on the EUR/USD may be a risk worth taking, and our next possible support zone will most likely be 1.18059-1.17947
2. AUD/JPY
On the daily time frame of the AUD/JPY, price is currently on a key resistance level (81.953), and on the 4 hour time frame the consolidation band holding price broke, but the bears are currently on recess, hence the pull-back.
If the sellers return with ginger (slang for motivation), price may go further down to the next possible support level (80.716)
3. XAU/USD (GOLD)
Gold was ruled by sellers today, they succeeded in bringing the price down to a key support level (1795.71)
Judging from the close of the 2 pm candlestick, there is a high probability that the sellers may take gold further down to 1767.87, but first, we need a sell confirmation because the present support level is also important
If you missed out on our Sunday analysis, hit here, there are some hidden gems you may find useful for your tomorrow’s trade.
What say you?
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