Weekly Analysis

In this article I am going to share a few trading ideas as opposed to just one. In the first trading signal, I am going to show you a short GBP/JPY setup. We have the pair reaching a major resistance area and having a bullish rejection candle on the daily timeframe. The candle is also a bearish engulfing candle and it looks like we are going to have a further selling pressure. Have a look at the key levels below:gbpjpy trading signalgbpjpy trading signal

The next trading signal is coming from GBP/USD. As you can expect, the trading scenario is very similar to that of the GBP/JPY. The trading candle of the day is a bearish engulfing and is giving us a strong indication that the trend is going to continue. Have a look at the chart and key levels below:

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The last pair I am going to review is EUR/USD. Although I have covered it last time, this time the trading signal is magnified by the daily candle. The trading signal from last time is still running without having touched the SL. The daily candle is a pin bar. It is occurring in a downtrend, which is a clear indication of an imminent sell-off. Have a look at the chart and key levels below:

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Happy Trading,

Colibri Trader

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