Hello Price Action Traders.
Eur/Jpy after the bearish momentum of the last period, seems to come back strong showing a price action strongly inclined to a new leap upwards. On Friday, the price formed one of my trading signals so it will be nice following the break out of 130.00 area toward 133.00 resistance level.
Eur/chf seems to be free from the short-term bearish movement beginning to be traded over the 21-day moving average. Interesting for next week, the possible bullish breakout above 1.2380 because if you have a little stop loss, no more than 90 points, it could be a good forecast reward because the first resistance area is 1.2600.
The Nzd/Cad forex pair comes from a strong prices compression after a bearish trend started with the high made last April 11. Friday, the market formed a false break out of key resistance between 0.8200 and 0.8250, closing the week at 0.8140. The decisive break of this level could continue the down trend and is therefore usable in short-term trading.
It’s all for today!
If you want to keep reading my in- depth outlook of the market you can access to my premium forex signal service and be part of my professional community and then become a true price action trader subscribing to this link:
FIRST MONTH FOR FREE!!!
Get Naked Get profit!
FROM A REAL TRADER TO REAL TRADERS