Taking this short opportunity now. Chart explains itself
AUDUSD long after the fake out on the support area and 71 FIB level
Wait for a correction back down before taking long Decent R\R of 1:3
Entering short at the top of 6mo range. Reversal zone. TP 266pips SL 70pips Go small! DXY also looking bearish, matching our play here.
Expecting CXY to continue its long term weak trend. CAD/XXX = \bearish XXX/CAD = /bullish *Generally, XXX matters just as much!
Expecting DXY to have continued weakness. This will be helpful to know for all USD pairs. Remember: Think of pairs as a teeter-totter (Weakness:LightWeight) & (Strength:HeavyWeight) USD/XXX = \ bearish movement XXX/USD = / bullish movement *Generally speaking the XXX side matters just as much*
USDCHF has been one of our favorite pairs to trade over the last few months. With USD losing Strength and CHF Weakness followed by solid Strength Points us to a short opportunity especially on the 4 hour.
We see a short opportunity coming up this week for EURCHF however the individual currencies make it unclear at this time. EXY has no clear direction ATM however we are Bullish Bias CHF has another week or so of weakness before Bullish Price Action. Lets see how this plays out
Chart says weakness, Brexit says strength... Which will it be? XXX/EUR - Bullish? EUR/XXX - Bearish?
Gold, when is the "right" time to go long? 1278 too soon? or Just right? Let's find out and see. Buy and hold physical/real GOLD! Gold backed dollar end of the month? Brexit? Global economic meltdown? Question is not if, it's when!?
Not the worlds best setup. But... Giving it a go. How many pips can we catch?