The daily TF is showing a inverted head and shoulder pattern which lines up nice since we've been playing at a monthly key level and created a HL for us within the downtrend momentum.. breaking it down to H4 after NFP last week we broke a major level of resistance so now what I'll be waiting for is a pullback to create a HL point so my bias is bullish and will be...
with the day dropping and inflation increasing its time to see the dollar take a breather and give us drop back down to the weekly support level around 125.800. The daily timeframe is maintaining its bearish momentum and the H4 still holding structure im looking for a retest back to the 50% level and the H4 exhaustion zone it made on H4
Just predicting shorts back on EJ as i see a butterfly pattern also forming.
Looking to take sells on UJ since it is over extended right now
Looking to continue shorts on gj based off h4 tf to get the daily retrace needed to continue going higher
If we can maintain these levels of resistance I see UJ continuing short possibly creating a new Low.. If we break above ill wait for a retest to then take it up
getting a daily pull back I will be waiting to see if price can reject and switch back to a downtrend flow
I will be waiting to see if i can get a pull back to then continue riding this pair down to Daily Lows and possibly make a new Low
Lets see if we can get a new low. if we reject the support will wait to see if price can break back to the up side
NZDCAD switched back to bearish market flow matching up to daily trend. projecting to continue dropping back to trend lows and possibly produce new LL
Shorts complete now I’ll be seeing if buyers can take control
Getting a weekly retrace leg so I am taking long positions
Reaching Some daily resistant and demand zone I expect AU to continue its shorts as the Higher TF shows and especially if the DXY goes Bullish.
As Chfjpy is at this resistance point I expect it to hold and continue selling off