This is a short take. EURNZD has shown an initial sharp switch for the south on 4H time frame. Looking at the history of this time frame (over the period shown), this usually is followed by further travel. How far? I don't know. See chart snapshot below. But this pair is a very volatile one so don't expect it to go down smoothly - and there may be nasty...
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NZDCAD is a very wild bucking bronco. Recent price action in a ranging market holds some potential for long or short positions. But at this time it's a waiting game. Avoid FOMO.
Although overall there heavy bearish pressure from the weekly and daily time frames, it's still possible to exploit oscillations of price. My preference based on the evidence visible on the charts - mostly from the weekly, 3-daily and daily trends - is for the south. What that means is that smaller time scale trends will more likely oscillate within a bearish...
I'm sharpening my axe for next week so this is my multi-timeframe perspective on probabilities. I haven't decided as yet whether I'm going long or short. I'm thinking about it and sharing thoughts. This is what I do - 90% of the time. I may not enter at all. The golden rule is,' if in doubt stay out '.
In this video I dive into why the USD (US Dollar) is going to shoot much higher than anyone thinks, and why Oil is going to crash in the coming months. USD refused to break down and has now reversed course, climbing back higher, through key levels of resistance. I think we are going to see a lot of funds flowing back into the USA because it is the only country...