Lets take a quick look and mark up GBPNZD so it makes sense for potential trades!
Lets take a quick look at a potential ENTRY area for USDCAD. This market is moving nicely to the downside and we just got even more SOLID confirmations for continued sells. TAKE A LOOK!
After seeing GBPUSD break its bullish trendline and then having a strong sell off, we can currently see gbpusd at a strong level of support. This can cause GBPUSD to correct heavily seen here on the daily timeframe (minimum 38.2 fib ratio.) With confirmation i will be looking for STRONG BUYS.
USDCAD is at STRONG weekly resistance showing strong rejection of price currently. With confirmation we will be selling usdcad when the market shows us the opportune time.
Wer can see we are currently at a strong level of support for CHFJPY. Lets scake down to smaller time frames and find strong buys!
AUDNZD is at a very significant area of price! If we continue to see respect with no break higher, we will be looking to SELL from current market price!
We have a strong inverted head and shoulders pattern (Bullish break out pattern) And already a break and close above resistance showing strong buyers in the markets. Lets usethe smaller time frames and buy the dips until our first target I.E previous daily price.
We can see CHFJPY at a strong price level (resistance) and has had trouble breaking above for weeks. If the level of resistance is held we will look to sell this to 109.450 If our resistance is broken expect a climb up to our next zone of 114.260
With this STRONG bullish impulse and break of our MINOR trendline, We can expect a correction to previous trendline/structure and look for possible LONG opportunities!
As we see EU currently respect our daily bearish channel, we can expect a sell off from here. If the market closes below initial trendline. We will be holding sells 1.18000 handle
We have a re entry LONG for gold using our Legacy Strategy. Longs on GOLD= Dollar WEAKNESS!
a VERY different outlook on the markets! We have clear momentum to the upside and should have found the end of its correction! Time to see if EURUSD can FLY FROM HERE!
WE SEE SUCH A STRONG MOVE DOWN ON USDCAD! THAT MOVE IS NOT GOING TO STOP! WE HAVE PINPOINTED THE PERFECT PRICE POINT TO SEE MORE SELLS COMING!
0_0 CAN YOU SEE WHAT I SEE? MARKET CREATING LOWER LOWS SHOWING STRONG MOMENTUM TO THE DOWNSIDE. CONFLUENCE OF THE 61.8 RETEST OF PREVIOUS BROKEN STRUCTURE WE WILL WAIT FOR FURTHER CONFIRMATION SUCH AS BEING PATIENT AND SEE IF IT MAY ALSO RESPECT OUR BEARISH TRENDLINE. LETS SEE WHAT HAPPENS!
WITH A BREAK AND RETEST OF OUR TRENDLINE WE CAN SEE A MOMENTUM SHIFT AND START SEEING THE DXY REACH VERY FAMILIAR HIGHS! WITH THE CONFLUENCE OF GOLD LOOKING BEARISH SEEN IN MY LAST CHART WE CAN WITHOUT A DOUBT START TO SEE THE DOLLAR RALLY HIGHER! (IF TRUMP CAN STOP !@#$ UP)
EVERYTHING IS HIGHLIGHTED ON THE CHART, BUT THIS WILL ALSO IMPACT THE STRENGTH OF THE DOLLAR GIVING US A GENERAL DIRECTION FOR USD CROSSED PAIRS ;)
I SEE CADCHF FALLING STEEPLY FROM ITS CURRENT PRICE! -RESPECT OF TRENDLINE -RETEST OF PREV. STRUCTURE -FIB CONFLUENCE -DIRECTION OF OVERALL TREND.....SIMPLE SHIT!!!!
First time trying out the record feature so dont make fun of me!!! lol I see nzdusd respecting previous area of price as well as its bearish trend line. what i forgot to also add was there is 61.8 fib retrace confluence at the entry point as well! HAPPY TRADING!