My pick of the day is GBP/CHF, resembling GBP/USD this pair is showing as overbought with the CCI/Stoch above the 100 line and the Bbands having just been breached.

I expect this current candle to drop to the low of the previous candle before continuing on the pairs previous uptrend. or it may form a flag formation with next weeks candle and then continue on the uptrend the following week.

I will be shorting this and keeping wary of the retracements.

I'm also watching JPY pairs as I expect JPY to regain some strength.

Also a quick tip if you didn't know, you lose quality points for placing or closing orders at Market price, I did not know this and was baffled as to why my quality points were so low!

Much love

Lucas


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