USDCAD H4
We are evidently seeing the USD see a little bit of weakness, but can we hold support on USDCAD lows until we can gear up for some strength/corrective moves.
Very similar to what we were expecting from USDCHF, but USDCHF seems to be breaking support now after trying to hold for so long. CAD losing a little bit of ground early doors as we see WTI drop...
GOLD H4 - Continuing to break highs and trend upside, working from the H4/H1 the 1870 support is the trading zone we would look to scout and find support, from there we would look to continue upside, higher high, higher low sequence as always.
NZDJPY H4 - Looks like these eastern pairs (NZD and AUD) are trying to push. If we see a nice close above this zone and retest. We can look to buy in line with this setup.
Target 1: 1.0837
Target 2: 1.0771
Exit 50% at the first target then move the stop loss for the rest of 50% to break even, having a zero free risk trade for the second target.
As shown, the price has managed to find support above the 50/100 SMA's as well as holding at the fibonacci level shown. After a consolidation phase the price looks like it should continue upwards.
After a concerted move down yesterday, the ES! tried to reverse the downturn overnight on reducing volume. It has mainly trade above the VWAP however, the overnight POC has been below yesterday’s. This could mean that price needs to come back and test the overnight POC or low before continuing up. After yesterday’s move, the price could just oscillate within...
