| Trades I'll be looking fro next week |
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Here are a few trade ideas that you may want to pay attention to over the next few days. The first one is on the GBPJPY. I have been watching this pair with wonder of that last few days as it tagged three 6 hr coandles within 36 hours as it stumbled and fell hard. Thrusday and Friday price action created a black daily candle today and pushed past three R3 points in the last three days. Oversold doesn't adequatly describe the pair. I'll be looking for an hourly reason to trade to the 145.40 area as a target.
My second favorite trade setup for next week is on the GBPCHF pair. I'll be looking for hourly reasons to trade long to 1.6538. I'll be moving my trades from the 1.6850 to 1.6900 area to 1.6465 to 1.6515 area.
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