This is given the market opens and gives us bullish signals. current confirmations are a descending wedge and the price being at a key zone.
If price retraces and shows rejection at my entry zone, I will look to short this pair.
Since price retraced before the earlier sell zone I was looking at, sell limit has now been placed. here. price broke both NY and London session lows and that's good bearish confirmations I have considered
EUR has been showing great strength and paired with weak JPY, we look to further long the breakout of the descending wedge this pair has formed over time. A strong break of the the zone highlighted in green which is also last week's high zone, will be a good confirmation and I will look for a long after it does a pullback post breakout
The first trade for EU this week hit SL after DXY's move during NY session. Here I have confirmations for a long however, if this trade hits SL i do have a backup entry in mind.
USDCAD has finally broken the zone I have been eyeing for awhile now. it closed above the zone on a daily and is now making HH and HL on a smaller TF. I will wait for a retracement to where I have placed the trade on the chart as shown. Within my SL I have entry 2 placed as would want to take a second trade if price reaches that level.
Broke down NU and will be looking to short this pair given that there are more confirmations!
As mentioned in my video, I anticipate DXY to move further. This will be used as a confirmation for the trades I will be taking on majors. Watch the video for the full breakdown and explanation behind this bias. All the best traders!
So as mentioned in the video, DXY has retraced from the zone of a trap zone since May and has now formed a double top while giving us clean and clear indication of rejection and indication that it will be moving to the downside. However, always trade what the markets are telling you rather than what you want the markets to do. To confirm my bearish bias I will be...
nzdcad structure giving us sell confirmations and with nu looking bearish as well, I will be looking to short this at market open
audcad structure giving us sell confirmations and with au looking bearish as well, I will be looking to short this at market open
nu broke a trendline and has made a strong move to retest the broken zone. will be looking for short if further confirmations are made
If price retraces further, there are other buy zones based on higher tfs ill be looking at to took chf longs from.
on a daily tf, uj engulfed the previous candle stick so I'm looking for uj to move down further and show rejection before I look to long uj.
eu broke a trendline and retraced to a zone i had marked out with a strong move, but is now consolidating. Hence, I will be looking for sells in this zone after market opens
Will be looking to sell AU when it reaches my entry zone close to last weeks high area.
i'll be looking to enter a long on gu near the weekly low area given that there are confirmations for a buy.
Nzdusd is nicely sitting at a price I will be looking to take a long from, when the markets open. Markets for NU have mostly been sideways for awhile now. Hence if price manages to push through the area circled in yellow, my TP will be as stated. However if price starts to reverse from there I may close my trade early. Trade safe!