Hello traders,
let’s hit them charts
1. USD/CAD
Last week Friday, before the close of the market, we saw the bulls charge back to the key resistance zone and 200 ma, after bouncing off NPSZ.
Price ended up closing with a bearish pin bar candlestick, signifying that the bears were most likely on duty before the close of the market.
This week we are most likely going to see sellers take price back to NPSZ, so my job this week as the market opens, is to look for sell opportunities on the USD/CAD
2. GBP/USD
Since December last year, buyers have done everything possible to break the key resistance zone, but all attempts proved futile until last week Friday.
This week we may most likely see the buyers continue their journey North. If that happens, our first bus stop will most likely be 1.29622. When the market opens, my Job will be to look for buy opportunities and ride it till the 1st PRL
3. CAD/JPY
On Friday last week we saw a huge drop on the CAD/JPY. The bearish drop was strong because of the size of the candlestick, and the fact that there is almost no thread on both ends.
Though price is resting on a key support zone, when the market opens I will be watching out for sell opportunities on the lower time frame. If they present themselves, then I will be riding with the sellers till NPSZ
What say you?
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