Hello traders,
Welcome to the month of May, let’s hit them charts:
1. GBP/CHF
The GBP/CHF started a strong bullish run last week after hitting a key support zone.
This week, the buyers seem to have enough room before hitting the key resistance zone, however we should be wary of the 200 ma, as we may experience a brief consolidation before price continues its journey upwards or reverses back to NPSZ.
2. GBP/CAD
This is one setup every swing trader will fall in love with.
GBP/CAD spent an entire month trying to break the key support zone and 200ma before succeeding last week. In the month of May, we are most likely going to see a bullish market which will drive price to the NPRZ which is over 300 pips
3. AUD/JPY
Last week on the AUD/JPY, price effortlessly broke an important resistance zone.
This week, we should be on the look out for bullish trading opportunities, which will most likely take price to NPRZ.
4. CAD/JPY
CAD/JPY closed last week with buyers dominating the market.
That said we can see that price closed last week at a key resistance zone, and the 200 ma is right above price it. This week I will only join the buyers when price breaks both the resistance zone and 200 ma.
On the other hand, If I see multiple rejections around the key resistance zone this week, then NPSZ will be our next bus stop
What say you?
NOTE:
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MY FUNDED FX: https://myfundedfx.tech/purchasechallenge/?sl=758
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