Hello Traders, what’s going on market after US closing?
AUD/JPY
There is great probablity that today it will be 4th candle with long upper shadow since last Tuesday. Every one of them creates a single line (red) with the local resistance zone above. This looks very bearish to us, but we’re wondering – why price do not want to fall?
CAD/JPY
Probably, pinbar is creating on CAD/JPY chart. If so, this classic sell signal near key resistance zone, with wider trend still bearish might be pretty interesting trade idea. Probable range of this move is last low area (marked green).
GBP/CHF
After Fridays pinbar, today we could enter long at better price. Also todays candle might create pinbar which will be another signal for going long on this pair. Medium term trend is still bullish, and both pinbars appeared above key support zone.
Use these ideas in your own trading, with free bonus on XTrade account.