GBPJPY finally broke 162 level yesterday. This is a pullback buy strategy as price has not reach the next resistance level around 166 area. The buy area is around 161.2 - 161.7. For entry, best to wait for strong rejection using m15 or m30 bullish candel as indicator
Gold price reacted at 1821 area which is a fresh weekly S&D area. Safest trade is still intraday for now as there.
1. First buy zone: 1837-1840 which is a minor BO zone, price has been sideways during bank holiday, need to watch closely if wanna trade at this zone
2. Second buy zone: 1821-1825 which would be a retest of the S&D
3. First minor sell zone (1850+)...
UCAD sell as per the following reason
- S&D area rejected last week
- Currently retesting the area
- Stochastic on daily time frame indicating sell
Note that this is only planned for 1 day trade
USDCHF closed bull on weekly tf. Long term trend is on the uptrend. Price may go up further to test the weekly resistance at 0.932. Buy setup will be first try on Monday-Wednesday with risk ratio of 6.72. If fail, will try to buy at lower zone between 0.9542-0.9742
