Hello traders,
let’s hit them charts:
1. NZD/USD
A bearish pin-bar spotted touching the key resistance zone of NZD/USD. This could be the beginning of the bears dominating the market this week, but I don’t advice you to place a bet on it.
It’s the beginning of the week and we still need additional confirmation before selling to the first possible support level
2. CAD/JPY
Another great opportunity to buy CAD/JPY this week.
The key support zone that held price all through last week got broken just the last few hours before the close of the market. Don’t forget that its the beginning of a new month, so on the weekly and monthly time frame, we can spot a good zone to join buyers to NPRZ.
That said, we may need to wait for a good price before joining in. Meaning it won’t be bad to be patient enough to join the buyers after a pull-back.
A bonus setup you don’t want to miss is the GBP/CHF posted on Friday market analysis . This may be a good time to sell
What say you?
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