Gold setting up itself and all ready for next week Long positions
EURNZD Came back for 2nd long opportunity on testing leftover Imbalance and break of 1H ascending triangle area/ Zone
EURJPY Setting up for possible shorts after Double Top confirmation
Well that's my take on GBPNZD. I see it will respect the support zone for this time too and the prices can go in range within 1.96000 & 1.98000. Also the Double Top too I am watching it since Thursday it a Bearish Inside Bar PA candle on the second top but the RSI is not giving any signs of Divergence. So if I see a momentum break and corrective approach to the...
Looking at Dollar weakness and all time frame bias we can see the 1H could create the Inverted Head & Shoulder, 4H is still down, Daily have not violated and is Closed above the HL zone & previous last weekly candle have created the equal lows and now this weeks close is a sign of Liquidity Grab for an upside run. Just waiting for an Impulsive Upside break of 4H...
Interesting to see if Gold make a 4H Structure Shift with the break and retest if the Daily Double Bottom Neckline
Waiting to see a clear break of the Daily HL structure Shift for further sells on Monday. Lets wait and watch if we confirm the break.
EURJPY View. After accumulation of prices and an impulsive break of it now needed a 1H corrective move to 128.940 area to get the Daily imbalance filled and 2nd push can be confirmed with a nice PA.
Yen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence. With this we can see all the JPY related pairs get impacted. Wait and watch the day scenario....
Possible Short Opportunity as Yen is on it Double Bottom Zone
EURCAD View. Daily and 4H TF showing Double Bottom Divergence signs which can be a Counter Trend Trade. Area 1.48000 is on the watch on Monday
NZDJPY View. Seeing Double Top on the daily Time Frame and comparing it with 4H, the Daily Structure Point is now the Neckline of the Double Top for 4H and is also aligned with 61.80 Fib level.
USDCAD View. Waiting for the Shift of 4H structure to confirm sells as the prices are pushed above 50EMA. Therefore a break of 4H structure will bring the price below 50EMA and a better confirmation for sells
USDJPY View. 2 Areas to watch for. Corrective move to the Support for a retest and Daily Imbalance Zone where daily 61.80 Fib level aligns too.
Wait for 4H Structure Shift for possible buying opportunities
Trade at Break Even now. Wait for the Double Top Neckline break and retest for the next possible short entry.