broken out of daily box range and key daily resistance has become support. the level was tested multiple times before a move up new structure has formed and we see a double bottom creating liquidity pool. this confluences with the h1 block below and my long GBP bias (this is not trade/investment advice. take at your own risk)
Dollar Yen short on risk off flows into the yen and dollar weakness would be expecting a entry on the break and retest of support wont be taking this trade as the market is likely to range wildly and unpredictably as results and polls continue to filter information out about the election results. one for me to watch and study this week
Dollar has been heavily offered and stocks have sold off on trump fears. all the bullishness we have seen the past two months has begun unwinding. after the brexit referendum result i am prepared for a shock in the us election. nothing to suggest buying this market so i would be expecting 93 on the dollar minimum if Trump wins. A trump win has been priced in ...
Ideally I want to short this market off the strong resistance and trend. I do see potential longs with my bullish dollar bias, especially if we break above resistance. However confluence of the 200ema, resistance, trendline see to provide a good short opp price could also be forming a double top which would be further confluence,