This is a follow up from last week. We capitalized on the break out of this trend line and are now waiting to see what happens once it retests it or breaks through. Either we we have our plan in place and are ready to pounce!
Same scenario for EUR/CAD what I expect. Two options again. 1. we can go higher and break through the 1.5100 level of resistance and reject the 1.5200 level or 2. we continue rejecting the 1.5100 level and break/retest the drawn on CTL and then go lower to revisit the 1.4770 level again. Enjoy the upcoming week and wishing you all a successful week 🙏🏽
5 1823 hours ago
NZD/CAD is also a pair I am monitoring next week. The 0.8510 resistance level is acting very strong so far and got rejected for now. Two options I see happening on that pair. 1. we May break through the 0.8510 resistance level and close the gap or 2. the market goes lower and break/retest the drawn on CTL and we visit the support area of 0.8330 again. 🤔
The second pair I am monitoring for the next week is EUR/JPY currently the market momentum slowed down bc the 129.60 support is acting very strong at the moment a good sign that the bears are losing the control and that the bulls may can take over at this level. Wait for a clear buy signal and set the take profit to 133.00 but like I said seriously wait for the buy signal and don’t just go long 😌✌🏼
USD/JPY is one of my favorites for next week. Bc we are in a bullish market I am expecting this pair for creating a new leg to the upside. We may gonna get a little bit lower on Monday/Tuesday to test the 111.70 support a bit more but after a break and restart of the drawn on CTL I expect this pair to go up to 111.40 next. Be patient and wait for the right long signal don’t rush anything on Monday tomorrow ✌🏼