Hello traders,
some interesting setups are lined up for Thursday, let’s check them out:
1. GBP/USD
A strong bearish reversal on the GBP/USD just broke a key support zone, and a 200 ma.
If we are going to join the sellers, my advice would be to wait for a possible pullback to the 200 ma, then if price gives a bearish continuation setup, we can then join and ride with the sellers to the NPSL.
If not, we can decide to stay on the sidelines
2. CHF/JPY
Another strong bearish breakout can be spotted on the CHF/JPY.
A pullback is most likely going to happen before the bears continue their journey to the NPSZ. Waiting for the close of the daily candlestick won’t be a bad idea before joining the bears (that is if the bears continue their terror)
What say you?
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