There are good trading opportunities for the EURUSD and GBPJPY for this coming week 14th to 18th March 2022. Therefore I will like to share with you my analysis so that you can also profit from it.
For those of you who are in my trade copier service, I will enter the trade for you once the trade triggered my entry.
We have made 3 SELL trade on the EURUSD, GBPUSD and GBPJPY on Friday but I exit them before the market close as I am afraid that the spike gap on Monday might be very high when the market opens.
Below are the trades that were exit before market close
For the EURUSD, the 100 EMA and 200 EMA has crossed below the 400 EMA and therefore I will look to enter SELL for this pair for the coming week.
I believe that the price will move up to touch the 1.09840 resistance before it moves down. So please keep a lookout for this movement.
Although the 100 and 200 EMA has crossed above the 400 EMA, I am still pretty cautious about going LONG for this pair as it has hit a major resistance at the moment.
I will continue to monitor this pair first as I believe that it will move sideway and range for a period before it moves in a certain direction.
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