will be watching AUDUSD make one more push to the downside before looking for longs during the FED.
DXY - Expecting weakness on Wednesday during FED. we still have a full day for price to move up to wave C.
USDCAD - LONG Waiting for price to retrace down to either 50% or 61.5% fib for advances to the upside.
Price sitting nicely at a key Fibonacci level. Let’s see how price respects this level.
THE DOLLAR IS WEAK! DAILY 50.00% FIB REJECTION CORRECTIONAL MOVE IN AN OVERALL DOWNTREND. PRICE NEEDS TO BREAK THE PREVIOUS HIGHER LOW.
AUDUSD Still Bullish A Deep Correcting Wedge Forming For A Possible Continuation Uptrend. Lets See How This Plays Out
Intraday Trade Weekly Trend is Bearish A New Higher High Failed To Make Huge Wick Rejection Near The Previous High Lets See How It Plays Out
Been A Bullish Market For Days Now and still continue to push higher. Huge wick rejection, Bullish pennant.
1: Overall Trend Is Bearish - (Monthly) 2: Rejections At The Daily Highs 3: Bullish Trendline Broken & Retested.
Momentum is bearish forming lower high & lower lows, clear structure easy on the eye to see. if price can break and close below 0.90167 my bias is we will possibly create a new lower low in this bearish structure for this pair. lets see how this plays out.
Huge Rejection on the 50.00% fib. failed to break the last higher low, so continuation on the uptrend! # next stop 36-37.
Possible Breakout of downtrend to make new swing high.... looking to target the 61.8% first from the swing high & swing low.
DXY SITTING AT A KEY STRUCTURE SUPPORT ON THE DAILY TIMEFRAME. LOOKING FOR A BOUNCE OFF THIS AS A NEW LOWER LOW WAS NOT FORMED TO CONTINUE THE STRONG PUSH TO THE DOWNSIDE. REJECTION ON THE HOURLY TIMEFRAME ON THE 0.328 FIB. LETS SEE HOW IT PLAYS OUT.
GBPUSD - LONG INTO THE REGION OF 1.34357... HOURLY CANDLE CLOSE ON THE GOLDEN ZONE 61.8... STRONG SUPPORT LEVEL AT 1.33464