After what looks like a complete bearish cycle, there seems to be a head and shoulder setup on the 800EMA. This indicates a possibility of a reversal. So my focus will be on bullish setups this week.
Usually USDMXN is a copy of USDZAR. After doing an analysis on USDZAR, there is a high probability that there is going to be a shift in trend. I counted my levels on USDMXN and also noticed the same. So will start looking for long opportunities on USDMXN this coming week.
Currently on Peak Formation Low. So will start o look for buying opportunities this coming week .
Quite confused on Gold. It looks like both a Peak Formation Low and a possible reset. So will see how it plays out and follow the market maker trend.
Currently on Peak Formation Low on USDCAD . Will see if there will be a London/ New York session setup then execute. Mostly going to look for buying opportunities.
A strong resistance showing on EURUSD after a complete bullish cycle so this might be a Peak Formation High. Will be looking to short EURUSD this week
Seeing a Peak Formation High on H1 800EMA and activity which looks likes a Level 1 consolidation. So I will be looking to short GBPUSD this week.
Expecting a 3rd bearish push to complete the cycle on USDZAR. At first there might be a stophunt high before the drop.
Currently on Level 2 on USDJPY, expecting a stophunt-high/ High-Of-Week/ High-Of-Month then continue bearish up to Level 3/PFL.
After witnessing what looks like a Level 2 consolidation. Price has to push to complete the cycle to Level 3. Hence, we expect a HOW as we begin the week then continue to fall till Level 3.
After seeing what looks like a possible reset on H1 50EMA and a recent 50/800 EMA crossover, the trend might continue being bearish for DXY.
Gold formed a peak formation high then sold to the 200EMA creating a W structure that leaves a possibility of a Peak Reset. It is not a confirmed reset yet, will see what the market presents during the week.
Expecting a trend continuation on GBPUSD as we wait for the 50/800 EMA to crossover marking Level 2 consolidation complete.
50/200 cross confirmed Level 1, 50/800 cross confirmed Level 2 consolidation. Now waiting for the last ADR push that will make a 200/800 EMA crossover to confirm Level 3.
We currently have a price consolidation on possible (Level 1) zone after what looks like a reset on USDZAR. Price likely to breakout on the upside since the "RESET" seems to be a confirmed one.
A possible short opportunity on GBPUSD since we are currently on what seems to be Level 2 of the bearish cycle after a reset.
According to BTMM levels, we are currently on Level 2. Expecting price to fall to 127.168 (800EMA) so as to complete the 3rd Level of the cycle.
Our previous projection of USDCAD moving from H1 Level 1 to H1 Level 2 worked very well. Now we expect a stophunt low in the early days of this week then buy to create the last push (Level 3).