Buy-setup
USDZAR longUSDZAR is about to makenews highs this and next week!
You can see perfect bounce from demand zone based on H1 timeframe,
Fibo 50% Price Reverzal Zone (PRZ) and supportive trendline.
If USDZAR will break Structure + Resistance + Trendline, we can see big move up in next weeks.
Keeps eye on that.
For the record: USDZAR and USDMXN are only exotic pairs I trade (they make sense and are low-spreaded)
Don't forget to trade with proper RM/MM and caution.
Good luck guys.
Observation of USDCADObserving USDCAD i am here illustrating a net of direction momentum. As unclear i am to how the fundamentals may react with the market, i am keep an eye on the possible swing in direction.
Initially price action decline of .90% Price rejection at the 1.30240 Inclines .70%
DXY- was showing a weak dollar. That is information to consider with this pair. Keep your eyes on Dollar-index as well.
My probability will be a probable Long.
AUDCAD Long 4 hoursWe can see that the price is in the support area around 0.98660, if the buyers could take the control again and reach the break the high of the last 4 hours sideway, then the price should continue going up.
Also RSI around Oversold area
First target around 0.99710
Second target around 1.00413
SL under the low of the last 4 hours side way around 0.98548
EURUSD 1H ANALYSISMy view on EURUSD is that it'll make a C wave in lower degree to complete this correction and we'll have another impulse up until 1.1300 area. This can be more complex than a simple ABC correction, in case it gets more complex I'll be posting updates.For now I'm looking to buy only.
GBPCAD - BUY SETUPThis is a buy setup.We have a breakout now and we'll be anticipating the 1.27 as target.This may take some time so you have to be patient if you want to trade this.Traders who are more conservative can wait for a correction on lower timeframes before buying which I'd highly suggest.Trade your plan