Awesome first week! really happy with how I am placing and once again I am impressed with the talent in this competition.
Next week I forecast GBP to lose strength as I expect many of us do, GBP pairs are also showing as overbought. However, in this blog I'd like to draw attention to patterns to foreshadow the article I am submitting in the article contest.

Looking at NZD/JPY the current candlestick is engulfing the previous one, this is a bullish engulfing pattern and indicates a strong and immediate trend change, the pair is also overbought.

Much love and have a good weekend
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