Hello Traders, what’s going on markets after US closing? 😉

GBP/USD

New week doesn’t necessary bring new opportunities to trade. We’ve got a candle with a nice long bottom shadow, which might look like a false breakdown. Current trend is definitely bearish, and at lower intervals we’ll find plenty of much better places to sell. If GBP/USD goes bid, it will be probably just a correction.

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AUD/NZD

Price is still above local demand zone, and bottom shadows of last couple of candles were pretty long. Eventhough, there was no clear buy signal yet, except the situation of breaking inside bar pattern, which showed up on chart last Thursday. We prefer letting price to fall a little bit to create a nice pinbar, which with local demand zone and wider trend still bullish would be really great opportunity to buy AUD/NZD.