mrstsimon003

mrstsimon003

I'm waiting for US30 to bounce off the zone before entering this trade as a buy for close to 1000 pips. We are in an overall uptrend and the move to the downside is just correction.

mrstsimon003

Current market structure implies this is continuing as a downtrend. It recently broke out of the pennant to the downside and bounced correctly on the fib to confirm a big move downward. Chart has been updated to the 1hr time frame to add validity to the confluences which already exist.

mrstsimon003

Based on the current trend and the appearance of the master candle below the 50 EMA I am taking this down for a sell.

mrstsimon003

Going long on NZDUSD. Boxed off master candle on 4 hour time frame. Has begun to move in uptrend. Looking for a good return based on the Fib.

mrstsimon003

I will be going long on this trade based on my analysis.

mrstsimon003

Based on the current market structure, the Fib, and the use of the master candle system, this is a sell-off. The D XY also seems to be in uptrend which will help support the sell-off.

mrstsimon003

The DXY is currently moving down. We can see the formation of a head and shoulders pattern, as well as the need for it to retest the zone below. Once it retest that zone, it will begin to move back towards the upside.

mrstsimon003

Based on my analysis which is confluenced by Market Structure, quarter point theory, the fact that the GBP has been running week, I am going short for this trade. Let's see what happens on the other side.

mrstsimon003

Based on what I see, this market will move to the upside. It has finished retracing and will continue in the uptrend.

mrstsimon003

USDJPY based on my analysis is a long. The DXY it currently moving up and likewise this pair is moving up with it.

mrstsimon003

GBPUSD is currently stuck in consolidation, however, there are no candles which indicate a reversal of the current down trend. Based on my analysis, GBPUSD is going to go tumbling down in the very near future. Go short once it breaks last low (setting is below the wick to be sure it's not a fake-out). The Safe take profit is the blue line on the fib.

mrstsimon003

EurUSD has created an inverted Head and Shoulders Pattern on the 1hr time frame. I'm expecting a move to the upside.

mrstsimon003

This is not financial advice. Waiting for this to break above the zone.