Cad/chf is set up in a weekly bearish formation. Smaller time frames are confirming the bearish momentum gaining strength. I am looking for price to atleast trade back into the weekly low around 0.72500 & possibly sink lower
USDJPY has continuously been supplied by 105.000 for quite sometime now, every bounce that has came from 105.000 has produced a Lower High in price.
The 109.709 level is the high close of 2019, and has consistently held price below. I believe this big bullish push back into the high this week could be a very big "Fakeout".
**Multiple Confluence levels** 5 Wave...
I have been anticipating the Yen to start a rally around the middle of this week. We could see the Yen show some weakness leading up to NY session tomorrow morning. In turn, NZD could pull all the way back up to test 70.000 again. until we finally get the sell off!!
Based on the weekly double bottom that has been pushing price since around 2016, the market has ultimately predicted the out outcome of Brexit, or any positive or negative news that is to come. If we can stay in tune with the weekly formation, price needs to get up to the next weekly selling zone. FX:GBPNZD
side note: I did hedge this position with a sell at...
