Happy Monday! Some updates on last week set up.
EURGBP have broken out and currently retest previous resistance. Personally think that this may be a fake break out because our RSI is overbought so I am still remaining my outlook as BEAR for these few days. But do not sell yet wait for the seller to confirm the entry.
EURNZD moving slow but my outlook still the same please refer to last week post.
USDZAR breakout and tested neckline personally propose to stay as sideline 1st because current price action still look bearish.
GBPUSD not much movement still waiting for buyer to get in to hop on the BUY.
Lastly CHFJPY is on 100+ pips of profit. I have already out of this trade propose to stay sideline as JPY overbought.
So What we have in plate this week?
EURCHF, price currently at support look nice for a BUY. Waiting for buyer to hop in.
USDCAD also looks good for a wave down
These are the new 2 pairs that I am keen to get in this week. For more detail outlook please watch our weekly outlook forecast on our youtube channel.