Looking to go short on GBPNZD lot of confluence on the trade
1) Sitting on my institutional level 1.9150
2) Making a trendline rule i use in taking trade
3)The market is in overall downtrend
But i am still waiting for candlesticks formation to hop on this if there is no candlestick confirmation then am not taking the trade
Finally from my bias of DXY getting strong which will also make USD strong and i found a good setup for a sell on EURUSD so USD being the quote of this pair i expect EURUSD should drop
On my last post i mentioned DXY should drop to that trend and during that drop USD should be weak which actually played out i took advantage of it caught a buy on EURUSD and a sell on USDCAD so now i expect DXY to gain strength so USD should become strong now And i also have a setup for EURUSD sell which is a good correlation EURUSD setup in my next post
Will be keeping an eye on AUDJPY also if price get to my first support and touches that trend and gives some good rejection then i will be looking to go but if it breaks that support then i will be looking out for the next support 78.75 as another point to go long on AUDJPY
I will be looking to go long on GBPUSD once it get to that my support which also map out with my trendline rule and also with my fib 61.8% level and lot more of other confluences on the trade
i am expecting btc to get to $16k or if it waants to break $16k $12k should definately hold it but by the way if it should break $28k it should get to $32k lets watch out for how the monthly candle closes then we can predict next movement of btc
CALLED OUT EURAUD LONG BEFORE ON MY PREVIOUS POST RAN INTO PROFIT NOW WE ARE RETESTING THE NECKLINE WHICH IS ANOTHER PRIME ENTRY FOR ME TO ADD MORE POSITIONS TRADE WISE USE RISK MANAGEMENT
I just spotted an head and shoulder pattern on EURAUD will be using a strategy developed by @chibuforex to hop on this pair long and this head and shoulder might be a trend reversal for EURAUD
