Hello traders,
It’s a brand new week, let’s hit them charts:
1. GBP/USD
Price on the GBP/USD is currently at a key resistance zone, and has the 200 ma above it
Also we can see an overbought stochastic signifying that sellers may be getting ready to flood the market this week.
This week I will be hunting for bearish opportunities in the market
2. EUR/USD
EUR/USD has the pattern formation as the GBP/USD, just that it looks a lot more convincing because of the bearish engulfing candlestick formed on Friday
So, it wont be out of place to look for opportunities to sell the EUR/USD
3. AUD/JPY
It’s been a while I saw a perfect Marubozu form on the weekly time frame after a breakout
This week, we may see a pullback, after which the bulls may most likely come in strong
I will be chilling for that pullback this week
What say you?
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