EURUSD setting up for a push North. Based off technical analysis
Presented with a Gartley to get back in to trend with USDCAD. We're coming to a strong area of resistance in the market. Monthly key levels as well as nice harmonic clusters. With DXY setting up with a push to the north. USDCAD being a highly correlated pair is giving us several points of confluence to execute our position at the desired price.
Stop making trading harder than it it. Don't swim against the current. Simple downtrend retracment trade.
Fundamentals and technicals are lining up for a massive short.
Breaking our channel to the upside we've broken the CTL. Now looking for a retest of the CTL before entering short until 1.71900
With the DXY reaching the full extension of it's initial FIBO retracment we're primed to see market turn around on several pairs. Currently looking for USD/CAD Short NZD/USD Long
We have NZD/USD coming from a Double Top at .73174, leaving clue to a continuation down to the downside after pullback. We're set up with a bullish Cypher to signify a pull back long to a projected area of .72250. Upon reaching this area we will be in a prime location to find reason of entry to short a large Head & Shoulders pattern, holding until the full...
Gold Short to complete the ABCD to the downside before the CTL bounce for the long hall.
Should a floor be found around 1.25300 I'll be looking to take USDCAD long.
This Bullish Bat will brings us to a sweet spot in the market. Putting us right at a strong harmonic cluster. I anticipate with a full extension of the C-D leg we will see prices close above 1.11000.
With Kuroda speech this Sunday it will shine some light on the potential completion of this AB=CD harmonic pattern.
Nearing a strong PRZ this coming week will be a strong indication in the direction of the pair.