Hi,
we have a pretty busy week ahead with 2 rate decisions (RBA and FED) and second round of Fench Election on Sunday. The technical picture tells us a lot about the posibble positioning of the big guys. Lets take a look at few charts
USDJPY - time for bears is coming. Bulls managed to took out possible supply (is turned into possible demand). In our opinion Bulls will aim to take out weak stops around 115.50 and this means bears should respond asap to this bullish price action as there is not much space left.
AUDCAD - ahead of retesting supply zone, Let's assume wr are in a range and waiting for selling signal. A rally towards the upper band of the range could offer a great selling opportunity, but patience is essential...
GBPAUD - intraday selling opportunity based on weekly supply zone could pay out
EURJPY - new month with new opportunities... or maybe some more range trading?
We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Happy Trading
Mr Price Action
DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com
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