I'm not trading this because of the DXY, but I wanted to update. It's short I believe, but I'm all about EUR/CAD. That's the only reason I posted this. Watch the video in comments, you'll be glad u did.
Ecad is about to drop hundreds of pips. Don't believe me? Watch the short video in comments section and I will change your mind. Plus I better explain exact take profit levels along with the weekly swing pattern. Happy fourth!!!!
Look for AN to create a momentum range on daily and wait until the third higher low on daily before expecting a trend reversal. Those are my well thought out price levels unless indicators signify change in pattern.
I can't in good conscience not mention that NU will break the high...
This can pull down quite a bit, But I am just looking to trendline it broke out of at this point.
Remember, the first couple hundred pips was just the warm up. I wanna keep buying NU off the trend line. I expect a corrective structure, then the buy should be from the 200ma on 4hr to the 200ma on weekly... And if you haven't watched the extremely short video on AUDNZD (link in comments) watch it. You can literally get 100's of trades off that 3 minute video. I...
GU looks like a running flat, therefore, it could be going back down to break the low. In think worst case scenario u have a scalp to the 1.2450 level. It's holding underneath the 200MA (weighted) on 4hr. Looking at DXY, I wouldn't be surprised if we do get a correction for more up, but if u took entry off 1.2500, I'd let some run.
If I see it do that, I'll sell the top for at least 50% retrace...
watch the video if u haven't. It's a solid chart to keep trading back and forth on the daily. Easy..
I think we will at least get a retest of the 112.00 level, however this trade has massive downside potential. Regardless, this channel looks corrective.
Then I would look for a potential long opportunity off trend line to go to 3300.
About to run into the 200 with the 50MA pointed sharp, should get a reaction.
Just stay with buy until it breaks trend line. If it flashed red candle before, just buy it. It will pull back down to break this level from there though, then buy again.
I'm expecting NU to flash a long red candle which will turn into a wick and take off. So if u see one, that's a buy, it's not going to break to the downside. It's breaking the high.
Probably have a london close sell coming. Obviously my DXY scenario didn't play out as exact as I hoped (Report was too weak) I was looking for a stop hunt that didn't happen
Consider my Dollar forecast, GU may offer exact entry on fast pips. News hits at 8:15 eastern.