Hi traders!
The charts below are some of the charts I’m watching for breaks of key levels. They may NOT happen, but if they do, they move on to a watchlist for potential trading opportunities.
First up- Gold, 4hr. Recently, Silver has had a great run, but Gold is at historic highs. Usually, this implies that it will fail here, but let’s see how it copes today.
Next, we have one of the several bullish-leaning JPY crosses, CADJPY. I’m looking for price to find support at either one of the two levels below it. Will it resume the uptrend after that?
Then we have GBPUSD, 4HR. There could be a break above the blue line, giving the GBP a boost of the USD for the remainder of the week.
And finally, EURUSD, 4HR. Currently looking bullish, but it has a strong level to contend with up ahead. If it comfortably slices up through this, traders will begin hunting for sensible buy entries.
Which markets, which timeframes are you watching? Let me know!
Happy Trading!
