Hey traders,
let’s see what I will be checking out this Wednesday.
1. GBP/USD
I shared this setup on our weekly market analysis, but then it was half baked. Out of the 5 setups shared on Sunday, my favorite is the setup on the GBP/USD.
Firstly you have price above the 200 moving average which gives us a go ahead for any bullish setup.
Secondly we have price form higher highs, higher lows locked within an ascending channel
Thirdly we have an active divergence signifying a reversal
Fourthly we are most likely going to see a bullish engulfing candlestick at the close of the daily time frame
Prospective buyers have two possible target profits (1.30059 & 1.31387).
Which of the target profits are you planning to get off, if price moves our way?
The USD/JPY and CAD/JPY also looks promising, if you missed it, check it out here
NOTE:
-
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MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
- BESPOKE FUNDING PROGRAMME: https://www.bespokefundingprogram.com/The_Crafter?ref=The_Crafter
