Here is my trade for today and the one I am currently in.
EURUSD looks like a nice sell at this price point. Its due a rejection and can retest my upper zone in which I have placed a 26 pip stoploss, any further than that then my short idea is probably wrong.
DXY Oversold with Higher Low On the other hand, Price Higher High, So its Strong Bullish Divergence!
SELL AUDUSD as it looks like it can make a short term correction down with a nice risk to reward ratio.
Looks like dxy is showing rejection to create a new low. price right now is in a strong weekly demand zone. . 2 Scenarios. - Sells below last low on the left. -Buys above resistance 92.600
(Until now it was just checking it's emails - remotely :-) Buy it up!
line charts explain everything, best thing is they filter out all noise please like and do share your thoughts .. thank you
Last week candel dxy closes as a strong bullish engulfing candel. So i will look only for buy opportunities . In 4 hour we are in a supply area so we can have a react to downside from this zone. Good opportunity to buy dollar will be in minor support if we see rejections to go down . We can buy in 93.70 zone too that was a strong resistance now turned into...
As I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair USDCAD , will be affect by the stimulus and economy outlook.