Structuretrading
GBPNZD 4H Long on 1H AccumulationPossible 1H Accumulation after taking out EQL and Grabbing Liquidity or Tapping Corrective into 4H Imbalance near to 78.6 Fibo
EURNZD 4H Long 2nd Opportunity EURNZD Came back for 2nd long opportunity on testing leftover Imbalance and break of 1H ascending triangle area/ Zone
GBPNZD 4H Long on possible RangeWell that's my take on GBPNZD. I see it will respect the support zone for this time too and the prices can go in range within 1.96000 & 1.98000. Also the Double Top too I am watching it since Thursday it a Bearish Inside Bar PA candle on the second top but the RSI is not giving any signs of Divergence.
So if I see a momentum break and corrective approach to the support @1.96000 with it wicking down and identifying buyers with a Price Action Candle Stick Pattern I will be looking to step in it going long till resistance.
AUDUSD Long on 4H Structure ShiftLooking at Dollar weakness and all time frame bias we can see the 1H could create the Inverted Head & Shoulder, 4H is still down, Daily have not violated and is Closed above the HL zone & previous last weekly candle have created the equal lows and now this weeks close is a sign of Liquidity Grab for an upside run.
Just waiting for an Impulsive Upside break of 4H shift to confirm the Buys
XAUUSD 4H Double Bottom NecklineInteresting to see if Gold make a 4H Structure Shift with the break and retest if the Daily Double Bottom Neckline
AUDUSD 4H Daily Structure Shift for SellsWaiting to see a clear break of the Daily HL structure Shift for further sells on Monday. Lets wait and watch if we confirm the break.
EURJPY 4H ShortEURJPY View. After accumulation of prices and an impulsive break of it now needed a 1H corrective move to 128.940 area to get the Daily imbalance filled and 2nd push can be confirmed with a nice PA.
EURCAD 4H Counter - Double BottomEURCAD View. Daily and 4H TF showing Double Bottom Divergence signs which can be a Counter Trend Trade. Area 1.48000 is on the watch on Monday
NZDJPY Short 4HNZDJPY View. Seeing Double Top on the daily Time Frame and comparing it with 4H, the Daily Structure Point is now the Neckline of the Double Top for 4H and is also aligned with 61.80 Fib level.
USDCAD 4H ShortUSDCAD View. Waiting for the Shift of 4H structure to confirm sells as the prices are pushed above 50EMA. Therefore a break of 4H structure will bring the price below 50EMA and a better confirmation for sells
USDJPY 4H Long OpportunityUSDJPY View. 2 Areas to watch for. Corrective move to the Support for a retest and Daily Imbalance Zone where daily 61.80 Fib level aligns too.
AUDCAD 4H ShortLook for the possible Price Action form 61.8 Fib or 4H Imbalance to be filled after the correction
Dollar Index AnalysisLooking at the Dollar Index we can see a Double bottom and an Ascending Triangle formation on the neckline to break the barrier for the dollar to strengthen. Ascending Triangle is a continuation Price Action pattern
So we can see the Dollar strengthening against all the Major FX pair. Watch out for that move.
