AUDUSD is the next one due to the price created another low for the main trend. Just expect a smaller trend changing back to sell on this area.
Same goes to NZDUSD where selling confirmation can be expected on the smaller timeframe once the price hitting one of these areas.
As for an update on Gold, the price just created a new low, broke the previous uptrend and we’re expecting a retracement this week to hit this area.
The lesson of break-retracement-entry can be learned on FreshForex weekly webinar where some major pairs are often discussed within the talk by their analyst.
Congratulations to those who took the setup on AUDUSD where the price dropped 300+. It was a decent setup but the result was unexpected.
This week, we can expect a continuation on GBPNZD where we can just look for a buying setup on the smaller timeframe.
Selling setup can be seen when the price on EURGBP hit this supply area. This can be a mid term sell since the price is on the big sideway.
The lesson on ‘don’t play in the middle’ can be found on the latest webinars by FreshForex, this can be useful to not be lost in the middle of a sideway.
This week, wait for a selling opportunity on EURJPY as the price created a lower low on this timeframe.
A buying setup can be expected on GBPAUD where it is kinda late for early entry, but a retracement has to be expected before hitting this area to buy.
A bit opposite, we can try to sell GBPNZD on the lower timeframes as we’re also expecting a buy on the lower area. Refer to this chart and tell me what you see.
EURGBP didn’t create any selling confirmation on lower timeframes, those who put a sell limit might be having a loss on the previous sell setup. This also confirms the uptrend and we’re expecting a retracement on this area to buy later.
The main idea of these setups are to break the market structure and wait for the retracement after. This lesson can be expected on several webinars from FreshForex. Expect it this week!
Expect confirmation on EURGBP as the price is approaching the demand area. This week can be another buying opportunity for the pair.
EURUSD on the other hand, expecting another sell as the trend still on the big sell. SL can be smaller or else, a big trend change might happen.
Another sell can be expected on Gold as the price is still within the equidistant channel. Just look for a retracement around these supply areas.
USDJPY is giving a hint of trend changing pattern. This can be a quasimodo pattern but we will see the confirmation later…
Weekly webinar can be expected this week on FreshForex’s website. Mostly on price action and forecasting the next move on several major pairs…
