Our dude Warren Buffett said that “The best investment you can make is in yourself.”
Check out what’s up on the 1-hour and 4-hour charts so you have time to make trading plans before prices really move in the next trading sessions.
GBP/USD is locked inside a 35-pip range after rising by as much as 300 pips since the start of the month.Pound bears can take advantage of the range resistance retest near 1.3855 by aiming for the 1.3820 support, or at least holding shorts until the bulls come back in the game.
But wait! The small range can turn out to be a low key rectangle, which points to a trend continuation on the 1-hour time frame.
If Cable does break above 1.3855, then we could see a trip to the 1.3900 or even the 1.4000 psychological levels.
What do you think? Can the pound hit them inflection points without seeing deeper retracements?
Here’s an OG range setup for y’all range traders.NZD/CAD just bounced from the .9150 range support that’s also around the 100 and 200 SMAs on the 4-hour chart.
It also didn’t hurt that Stochastic was (and still is!) flashing oversold signals.
Kiwi bulls can buy at current prices and still get a legit risk ratio especially if they place their stops just below .9150 and NZD/CAD pops back up to the .9220 range resistance.
Think NZD/CAD is about to break lower? Wait for the pair to firmly close below .9150 before you aim for previous support levels like .9150 or .9050.