Sell Limit for USDCAD at the 38.2% Fib level. This would now be the 4th bounce and it looks like that level has great rejection. Will be looking to sell towards the Daily Trend-line marked in Light Blue, running no Stop Loss :)
GBPNZD has just formed a HL, and exact 600 pip drop from HH to HL has occurred after the previous drop which was also 600 pips and both have taken exactly 11 Days - suggesting an upwards move nicely following the channel formed. Also a nice bounce off the 61.8% on the 4H Fib ( 61.8% ) Fib is the 2nd most important Fib level, therefore being another confluence to...
GBPAUD looking like its just formed a HL, the higher low seems to be bouncing off the Daily 23.6% Fib, 4H Fib looks like its bouncing off the 38.2% which is the strongest Fib level out there, regardless of what you have heard else where. Targeting the -0.27% Fib Level, TP just below it because we don't like to get greedy haha. Personally I will not be taking this...
After the 4H Shooting Star, ill be looking for 30 Pips on Short from the 143.350 Area towards the 143.050. Hopefully we break the 143.000 with momentum therefore triggering our Buy Limit's below, check previous GBPJPY analysis for entries.
DXY has broken past a major Resistance Level, we may see a Bullish Movement from DXY therefore a Bearish Movement from Gold as those 2 are mirrored currencies.
EURCAD formed a LL on the 4H Chart. Regardless of the channel we've got going inside the main channel - the lower trend line seemed to hold therefore we will be targeting a LH around the 1.51000 Area - let's keep it to 1.50900 not to get greedy haha.
NZDCHF has been travelling in an upwards channel on the 4H chart and has been forming beautiful HH's / HL's without any drawdown past the trend. As the Channel's top Trend-line has been hit and we've seen signs of rejection I will be selling to the 38.2% Fib which would form a HL. The market is also at a high point close to the 1D Trend-line suggesting a rejection.
GBPJPY has shown rejection of these 2 key levels many times within the last couple weeks, instantaneous reversal is what we saw last few times these levels have been reached without much drawdown. Simple
