The same rule applies to EURJPY as well. Though it’s a bit late, you can still look for any selling opportunities on smaller timeframes.
Congratulations to those who took USDJPY setup. This can be closed as we gain small profits but still securing the balance as we cover the loss on some other setups.
Another perfect example of continuation pattern. Break of structure to gain new high/low and look for a retracement to a desirable areas…
Another simple setups can be seen on FreshForex’s website where you can also learn on how to apply these simple analysis to your own charts.
For the next trading week, we are going to look for any continuation setups on major pairs. EURUSD is one of them till the price hit this area to look up for sell later.
The same idea goes to GBPUSD as well where we can just look for any continuation buying setup and then stop at this area for any selling confirmation later.
USDCHF has the same idea but it’s rather selling setup instead of buying before hitting this area for a long term buy later.
GBPNZD is still having the valid setup I’ve shared couple weeks ago. Just wait and see for the price going down here.
Another webinar is expected next week in FreshForex’s website where we’re going to look out for any other setups during the webinar.
Retracement can be expected on AUDUSD on this area where we can wait to buy on the lower timeframe later on.
We can also expect the same thing on NZDUSD where we can also buy when the price hit this area later on.
At the moment, we can also try to sell USDCAD when the price hitting this are. We can also try to buy after the price hitting this demand area below.
Another webinar of simple technical analysis can be expected on FreshForex’s website where you can participate for another market insight.
Selling setup this week on USDCAD where the price is moving up really fast and wait for any selling confirmation on the smaller timeframe.
A good example is shown on GBPCHF where price just respected the area after a market breakout. Be sure the retracement strength is slower than the breakout one.
Another setup is on GBPAUD where you can see any buying opportunities when the price hitting this area.
We’re also expecting the same setup on GBPNZD where you can try to buy on this area. Either putting a limit of looking for any confirmation on the smaller timeframe, this can be done.
We can also try to do short small buys on EURUSD as the price is trying to retrace to the area above. Just be sure to watch it on the smaller timeframe for buying confirmation.
