Hello traders,
let’s hit them charts:
1. GBP/USD
Price on the GBP/USD is authenticating the gravestone doji formed on Friday last week.
If by the close of today(Monday), we do get the daily bearish candlestick close below the key zone, then we may most likely see price hit NPSZ on or before the close of the week
2. AUD/JPY
A bullish hidden divergence is brewing on the AUD/JPY.
The 200 moving average is also giving credence to the young setup. The cash rate and RBA rate statement on the AUD early Tuesday morning will determine if this setup is viable or not
If we do get a nice bullish rejection above the 200 ma/support zone, with a decent risk reward, then I will be buying, and holding my position to the pale green zone (key resistance zone)
What say you?
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