In the opening of market in 2022, Market have take virous shape in the mist of mixed market data for the Dollar, omicron and others.
A lot of traders are yet to figure out the core directions of the market, as many instruments/pairs such as EURUSD, DXY etc. have been on a range life wired for day traders.
This week we shall be looking at carefully selected 5 currency pairs based on market structure and movements
The five pairs includes
1.GBPUSD a.k.a the cable
2.EURUSD a.k.a the Fiber
3.AUDUSD a.ka the Aussie
4.USDJPY a.k.a Gopher
5.AUDJPY
for more currency pair sweet nick names click here
1.GBPUSD
the cable was seen with a nice performance last week rallying up 1.37448 before coming to a hut, GBPUSD saw a push back to 1.36590 before the pair managed to close at 1.36700 at the end of business for the week..
What to Expect:-
Following a simple break and retest strategy click here to learn more the holy girl,
1.35895 having formed a key level for the pair a retest of 1.35895 will see the pair flying up to the upper key levels
watch for reversal candles at 1.35895 level and take a buy... alternatively a close below 1.35895 level will may see dive lower to 1.34845 or more .
2.EURUSD
As mentioned above, the fiber have been raging on multi month range. Guess what! and get a coffee from us.. oh sorry we have the answers already
EURUSD broke out of the multi range last week and had a perfect push off the range region see the chart below
What to Expect:-
using our holy grill pattern, EURUSD with made a 100pipse run from the range region i.e. 1.13725.
The inform fiber closed last week market @1.14046 after a push to 1.14756
we are anticipating a retest of 1.3725 which which have formed an important key level for the pair and a possible BUY from that region.
for detailed update on other remaining pairs click Here
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