WETHEBEST

WETHEBEST

DXY losing strength, pound will begin to gain with the liquidity injections and financial support

WETHEBEST

I expect a reversal on DXY after the manipulative push in the past few weeks. Therefore, I expect UJ to drop with the Yen also gaining strength

WETHEBEST

Quick and easy trade, needs a correction back to the channel after the pump yesterday.

WETHEBEST Updated 

NZDUSD we can be expecting a further push to the upside with continued USD weakness into the new year, Powell has stated they will only be a cut in interest rates when there is persistent and significant rise in inflation.

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Anything outside a Conserative party win would send GBP free-falling. Additionally, there is still the risk of profit-taking once the results are out on Friday. It looks like market is pricing in it for it- I think we will have a pop to the upside.

WETHEBEST Updated 

Weekly timeframe- clear rejection 4H- Could see a repeat of what we have seen before in the price structure. Rejecting the highs and this zone aswell. Fundamentally the pound is weak and it is unlikely for it to make a new high here.

WETHEBEST Updated 

Possible swing to the downside 1:2 RR

WETHEBEST

We can see a strong rejection of the fib along with the rejection of the support. The previous resistance turned into a support here, showing it is following a bullish price structure.

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Bullish pennant price structure forming, HL, HL, HL

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NZDJPY in a nice respecting channel on the daily and 4H, looking nice for shorts with the current candlestick formations

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Look's like are seeing a retest of our previous ascending channel before we push for the new highs, simple price structure of break +retest.

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Wait for a retest of the neckline and clear rejection of the fib level

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Simple retest of neckline and rejection of fib

WETHEBEST Updated 

EURNOK rejecting a key fib level on the daily after a big drop. Could be a key sign of reversal

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AUDCAD another simple channel + fib setup TP at the previous support on the daily TF

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Simple quick and easy channel trade high RR

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Multiple rejection of our 50 fib, right shoulder also needs to form. In a nice buy zone

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Fib setup in play, Small pullback to the 61.8 fib level before we continue down to our TP. I expect to see a reversal back to the upside at key level 1405.