Weekly support and in demand zone, we now see h4 pa printing bull engulfs along with over shoot of the trendline. Sellers absorbed up until 17.71, lets see what happens. Fairly big stop @ 15.78, target at 17.71
I am already long from last week on this trade but a new buy opportunity is arising with smaller risk... Looks like we are seeing a pullback towards buying source on daily chart. Usually i would prefer a bigger pullback but we have broken through weekly resistance with a strong close on weekly chart and with that in mind I see sellers being capped around this ...
Yen shorts must be getting tired now, time to buy yen for at least a correction imo..
Ozzy still has room to downside against the dollar which correlates with this idea.
S/R long term confluence and zone, with trendline overshoot. Short on EJ too. Let's see, let's see.
Swing sell limits set on EURJPY. Great level on 4 hour will sell this on touch. Trendline and s/r conflunce. UJ over extended now will be dying for a pullback to gain some liquidity, this will correlate with EJ. Watch this space.
GBPCAD 4 hour longs - currently sat on long term support and strong higher tf pa to the upside i expect a move up from here to atleast the highs around 1.7. Perhaps todays news could affect this but am happy to take the risk.