On the heels of some explosive moves fueled by central bankers last week, this pair has finally shown some signs of weakening. As the dollar go into consolidation, I expect some retracement for the GBP. On this very low TF, there is an excellent opportunity to trade against the underlying trend with great RR. Have a nice weekend all.
After quite a messy month of trading, this pair has emerged from its accumulation phase. With the recent down move coming out of the FOMC statement, I was unable to catch the big and dangerous drop. Now the market presents a great opportunity to hop on this train with a nice consolidation. Sellers beware as the market may be near a turning point as can be seen...
After months of consolidating, this pair looks like it's ready to make its next move up. Look for more correction on lower TF before initiating buys.
After a volatile NFP session, the market is making a case for shorting on this pair, which has been on a clear down trend over the past few weeks. It is now consolidating on a lower TF which gives us a great opportunity to anticipate its next move. This is one of the few pairs I'll be monitoring into next week in anticipation of market moving events coming up.
This pair is making lower lows in a diagonal like structure in a possible C wave. Shorting this pair when it makes a new low would be a great idea. An even better setup is the long when this downtrend is over.