NZDCAD might be giving a morning star candle formation. Waiting for the close of the present 4 hour candle before making the decision to enter a long position, or not. TP=0.89373, Risk to reward is about 1:4
gbp/usd main bias is still bearish but from better price, looking to sell price on the retest and buy from ltf minor zone (grey). After I will look for shorts on green/red zone if price plays out in this scenario.
eurjpy has broken and retested the ltf grey zone and created a bullish engulfing which shows me buyers are in power. Waiting on the indecisive candles to either cause another breakout to the upside or to retest grey zone.
main bias for eurjpy is still short due to daily supply/4hr zone (green)
waiting to see price retrace to the supply and demand area and we might have a short setup on EURUSD. I'll be waiting for a signal form price action (multiple wick rejections, pin bars, an engulfing candle ). my SL will be a few pips above the area and my TP target will be the next level of demand identified on my chart providing with a RR ratio of 1:3.
Based on my analysis I believe we are approaching another crash in the market, probably the biggest one yet..
NASDAQ is rising on hopes and dreams, FED are pumping money into it left right and center, and it has reached a new high. There is a considerable amount of divergence on EVERY time frame and yet price has barely gone down.
Dow Jones is approaching its...