PLEASE READ FULL DESCRIPTION FOR BEST UNDERSTANDING ON MY TRADING IDEA'S My focus is on the following pairs ONLY: - EUR/USD - GBP/USD - EUR/JPY - GBP/JPY - USD/JPY - USD/CAD - XAU/USD - GOLD - BTC/USD - Bitcoin - ETH/USD - Ethereum Give me a follow if you would like to continue receiving my market analysis on the above pairs. - VERY important to wait for...
GBP/USD approaching a strong resistance area and descending trendline resistance. I am also expecting a Risk off mood next week which will boost the Dollor. Big opportunity for a strong short opportunity. 1:5 Risk to reward Trade with caution and always remember to manage your risk. Patience Pays!
Bullish Flag pattern developing on the DXY. Still no clear confirmation of direction. I am expecting a bounce off top Trendline. 1 more test of the Descending bullish channel support and then a move to the upside. Patience is key
Fundamentals and technicals pointing towards a strong Long on the JPY pairs Currecny correlations between AUD/JPY, GBP/JPY, EUR/JPY & USD/JPY are all pointing to a reversal soon which further increases the probability of JPY strength and the short to medium term. Let me know your thoughts.