Hello traders,
let’s hit them charts:
1. EUR/JPY
Up until Friday, we saw a strong bullish move on the EUR/JPY that spewed over 140 pips. Then price hit the key resistance zone, and a pullback occurred.
Price is still very much at a key reversal zone, but I won’t bet on it until I spot a reversal confirmation. That said, there is a possibility that a breakout may be looming, but that can only be confirmed after the close of Monday’s daily candlestick
Once market opens, I will be checking out for bearish reversal confirmations. If I spot any, I may join the bears to NPSZ. If I am not satisfied with the reversal confirmations, then I will be waiting for daily candlestick close before deciding on what to do next
2. AUD/USD
Last week closing with a strong dollar, sent the Australian dollar to the cleaners.
Though we already have a clearly defined head and shoulder breakout, but I would prefer seeing the neckline marked on the chart completely broken before I join sellers to NPSL
What say you?
NOTE:
-
THE FUNDED TRADER: (Use the coupon code: THE0CRAFTER)
- BESPOKE FUNDING PROGRAMME
- FUNDED ENGINEER
- BLUE GUARDIAN (Use the coupon code: CRAFTER)
- GOAT FUNDED
- LARK FUNDING
- SKILLED FUNDED TRADER
- MAVEN TRADING
- MY FLASH FUNDING (Use the coupon code: “FILLIPO” for a -25% discount)
- THE5ERS
