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USDCADUSD CAD SELL. WE RECEIVED DAILY BREAK OF THE LAST HL, CONSECUTIVE 4HR RETESTS OF HL ON THE LOWER TIME FRAME.
GBPUSD LONGPrice previously received its daily break above the last LH via daily, as we currently are visualizing its phase of profit taking we're expected continious buy orders after its break of trend + lower timeframe structure we currently broke and retested.
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USD CAD SELLDaily time frame received a proper close bellow it’s last HL & as you see on the lower timeframe, we have our series of profit taking ( Relief ) and a HL that sits inside that continuation pattern. Expected sell orders as we respectfully break and retest the current HL tagging Daily TP .
AUD JPY LONGAs we received a proper break of the last daily LH, we are visualizing our series of relief that sits above daily’s structure/ lower time frames structure. We’re expected continuous buy orders if we potentially get our retest on the 4HR flags structure, creating furthermore 1-2-3-4 points of trend.
EUR/USD Trade IdeaHow are we doing Legends. Taking a look at EUR/USD right now, we're in a bit of an interesting situation. Reason being is, we have two drivers that can be potentially be seen. False breaks have been occurring within the 1.13 handle. With this, we're looking at this structure as anyones game at this point. We'll simply wait for the market to make the first move and from there asses accordingly. Let's see who wins the battle. Full analysis on this pair can be found on The Exchange. What do you legends think?
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USDZARUSDZAR, broke out of the Daily descending trend, and created short term Higher Highs. which validated a buy setup, now we wait for the next 2 parts of the trend to confirm that momentum has shifted.
Once confirmed that momentum has been shifted. we can take another buy, by breaking out of the profit taking which we are in no, utilizing the same method as before; buying on the impulse until the next resistance.
If the continuation pattern doesn't form, we can take sells below Weekly support, which be a trade very long term to hold.
EUR/USD Trade IdeaDue to the results of the election, looks that $DXY -0.21% is expected for further continuation to the downside. Within EU's structure right now, we have a nice short term trend continuation play to come about if short term higher highs are seen. Keep in mind we are in a liquidated movement therefore, trades will be warranted as short term and moderate to higher risk. Sells do not look as apparent right now due to the momentum we are currently in. Full analysis on this pair can be found on The Exchange. What do you legends think?
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EUR/USD Technical Analysis EUR/USD now is in critical situation. If want to see further movement to the upside, we need to break and retest the weekly resistance. Otherwise, Based on the structure, if we get a rejection zone to this level, we expect this pair to continue to the downside and get again inside the overall momentum range.
What are your thoughts about EUR/USD for this week?
NZD/USD Trade IdeaA bit more of a complex structure we have here. We can see that within the liquidated movement that we are in, structure made a strong surge towards the end of October. The strong bullish surge came to an end at the point where the initial bearish momentum began (structural retest). With this, the structure becomes a bit more of a higher risk exposed movement only due to where we are in from an environmental perspective. Deeper corrections can occur as well. Lets see legends! Full analysis on this pair can be found on The Exchange. What do you legends think?
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GBP/USD Trade IdeaCurrently ( Bullish Momentum) within a state of liquidation from the bearish impulse. Within the liquidated movement, looking for short term trend continuation plays if short term higher highs are seen. We can see from last week that retail trades were tricked into thinking structure should continue its bearish momentum further rather just a mere trap for the banks and institutions pending orders to be hit. Any sells aren't really to be seen right now as if structure shows signs of any bearish momentum, can simply be considered as a deeper correction for further continuation to the upside. Will need invalidation of the bullish run we are in for any continued bearish momentum.
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Full analysis on this pair can be found on The Exchange. What do you legends think?
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The Exchange
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AUD/USD Trade IdeaStrucutre is an extremely critical state. Take a looking from a monthly perspective, we can see that the 0.7000-0.7100 handle has been an extremely tough area to break for the bears. With this, it's understandble to see why the banks are looking buy within this region. With this being said, sells and buys are warranted as short term with moderate to higher risk associated to the trades. Full analysis on this pair can be found on The Exchange. What do you legends think?
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The Exchange
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USD/JPY Trade IdeaStructure is currently within a critical area. Two major momentum's are intersecting with one another, buyers and sellers. With this being said, we will simply wait for the market to make the first move before any trade ideas from a bullish or bearish perspective come about. For any sells, we would first be looking for strong breaks below the ascending trend and weekly support invalidating this initial bullish run that started on the 13th of September. In addition, the break below the beginning of the bull run would invalidate the idea that this bearish momentum is relief from the bullish run. From there, we would simply look for a continuation pattern to come about to indicate a trend cycle is forming. Buy's will only be warranted by creating short term higher highs. Short term due to the fact that initial driver to left (bearish) has yet to be invalidated. Therefore, this short term bullish momentum is a consistent of pending order's being hit from the weekly support and ascending trendline on the daily + liquidation or relief from the initial bearish impulse. Full updates regarding this pair can be found on The Exchange. Let me know what you think legends!
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USD/CAD Trade IdeaWithin the liquidated movement that was driven by the initial bullish impulse, we can see structure is in a short term ascending trend. The ascending trend came about from the impulse made by the sellers at the beginning of September warranting the ascending trend as relief or profit taking. With this being said, we are simply looking for the market to make the first move before any trade idea is to be considered, short term higher highs or short term lower lows. Full analysis on this pair can be found on The Exchange. What do you legends think?
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The Exchange
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NZD/USD Trade IdeaStructure is currently within a bearish state. Within the descending channel, we can see structure made a strong impulse from the sellers towards the end of September, beginning of October in which price then moved into a state of liquidation or profit taking (daily ascending trend). We just recently saw price break out of the daily ascending trendline creating short term lower lows warranting the ascending trend as relief or profit taking from the initial bearish impulse indicating for further continuation of the initial bearish impulse. We can see a continuation coming about within structure in which if structure breaks out of the continuation pattern plus creates short term lower lows, further continuation to the downside can be seen. The buys at this point seem to be irrelevant as price is showing strength from the bears. Full analysis on this pair can be found on The Exchange. What do you legends think?
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The Exchange
The exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading.
Join Today: www.thatfxtrader.com
