Hello traders,
welcome to the month of November
Let’s hit them charts
1. USD/CAD
For two years price has been knocking on the doors of the key resistance zone. So far there has been five failed attempts until last week
Tuesday this week will be the US elections, and a bad time to trade, but I am thinking of swinging this pair with a large stop loss. I will be targeting NPRZ as price next bus stop
2. USD/JPY
The same analysis with the USD/JPY. The only difference is that…
On the USD/JPY, there was a breakout above the resistance zone sometime around April this year, then price moved over +650 pips to NPRZ before retracing
6 months later we are seeing another resistance breakout on the USD/JPY. We may be seeing +600 pips plus this week
What say you?
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