GBPUSD H4
Again, full technical commentary in the video above, cable has been a really good pair to follow during recent trade. Solid resistance price of 1.38, multiple confluence zone that's offered 3 shorting opportunities over the last week or so.
In line with DXY, we could see a bearish breach of 1.37 if DXY performs as expected with a target of 94.500...
CADCHF is trading at the upper boundary of its yearly range once again and has displayed RSI divergence. The chart posting higher highs and RSI lower highs showing a loss in momentum. The pair has now posted a double top, we are now expecting a bearish continuation.
It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot.
As you can see here we have combined waves of tightening wedge formation on the chart.
We also have some strong fundamental key events to help drive emotions and stretch budgets.
The cloud of short interest is growing and if we slam hard come NFP we will be able to see...
We will see a massive spike upwards. Then see a massive fall down. A squeezing of the price. A condense low static run way way down at the bottom of the range (1.40 or below)
From there it's all about Leave or remain. Either way we will see MASSIVE movement.
Lets not try to predict the future. Just try to follow it
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