A mix of active trades and pairs to track in today’s analysis. ADUCAD, NZDCAD, NZDCHF are all currently active trades. They are looking good at the moment, so if you are in any keep holding!
The pairs we are tracking near the end of this week are mostly potentials for pullbacks to enter on continuation trades. GBPJPY, GBPUSD, EURGBP all broke through an SR area, so be on the lookout for price to pullback to these broken SR areas to then develop into continuation trades. These will likely develop into next week.
GBPAUD is approaching resistance after breaking through a lower resistance area. Price is showing signs of stalling already so track this one closely over the remainder of this week.
Lastly, XAUUSD (Gold) is looking good for an entry on various time frames, around the 6 – 12 hour. A long reversal is definitely valid here, so don’t delay or you may miss out on the long push.
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