Hello Traders,
Let’s hit them charts:
1. AUD/USD
Price on the AUD/USD has reached a key resistance zone on the daily time frame, which also aligns with the 200 ma serving as a resistance level.
I will be waiting for the close of the daily candlestick in order to see if the daily candlestick close aligns with my bearish bias before selling
2. CAD/JPY
CAD/JPY is also looking good.
Though the general trend is heavily bearish, we are most likely to see a 50% retracement, or a reversal to NPRZ.
I will also be waiting for the close of the daily candlestick, before engaging this setup
What say you?
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