USD/CAD LONG WAITING FOR A TOUCH ON THE 0.78 FIB OR THE SUPPORT. IF IT BREAKS BELOW ITS NO GOOD.
A BREAK BELOW THE TREND AND SUPPORT WILL TRIGGER A FUTHER FALL FOR THIS PAIR.
TECHNICAL ANALYSIS MUST BE RESPECTED, SHORT TERM XAU/USD IS A SELL FOR NOW. GOLD IS STRONG FUNDAMENTALLY WITH CENTRAL BANKS PRINTING UNPRECEDENTED AMOUNTS OF MONEY, AND COVID19 BEING THE BLACK SWAN TO POP THE DEBT BUBBLE.
AUD/USD SHORT, IT HAS PREVIOUSLY HIT RESISTANCE AND FAILED TO BREAK THROUGH, FORMING A TRAINGLE PATTERN. I EXPECT A BREAK THROUGH THE BOTTOM, WITH THE MEASURED PROJECTION BEING THE DISTANCE BETWEEN THE TOP AND BOTTOM OF WHERE THE TRIANGLE PATTERN FORMED.
I EXPECT THE EURO TO LOOSE STRENGTH AGAINST THE DOLLAR. NOW MIGHT BE THE TIME TO GO SHORT?
AUD/CAD SHORT FROM HERE. AS YOU CAN SEE IT HAS HIT PRIMARY TREND TWICE BEFORE AND DROPPED.
FX:AUDUSD LONG TERM HOLD. GOOD OPPORRTUNITY.