In today’s analysis, I spot two potential setups on GBP/JPY and EUR/CAD. I also spot what looks like an imminent setup on AUD/NZD.
After running thorough risk analysis on AUD/NZD, I have decided not to enter. One of my requirements for a short entry is for sellers to prove they have control of price. The current candle is suggesting indecision and not seller control. So I will wait and monitor this one until sellers prove they have control of price.
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