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CHF/JPY Potential Trade:
We’re looking for a short trade here after a triple top pattern formed. This isn’t a setup that we’d normally take, as it’s a reversal counter-trend setup, but we’ll monitor it either way.
GBP/AUD Potential Trade:
Altho we invalidated this setup last week, we saw the price form a strong engulfing pattern afterwards which made this setup valid again.
We’ll be looking for an entry on the 4h timeframe through a pullback into a 4h S/R area.
GBP/NZD Potential Trade:
The price broke the support area and made a pullback with long wicks rejecting the area.
Unfortunately, the Friday candle was a strong bullish candle, meaning we’ll wait for another bearish candle this week before looking for an entry.
USD/MXN Potential Trade:
The price broke the support area and made a pullback along with a long wick rejection candle. We’ll look for an entry on the 4h timeframe.