


I want to see price break the 4h trend. This will allow me to accurately pin point price next course of action. I think we can short the market for some good pips before moving bullish again.
Ok. I'm sorry for jumping in the hype of marking up AMC. It was too good not to pass up. We all know that AMC has been crashing for some time now. Is there really light at the end of the tunnel? I think it but not the light we seen before. Price still needs to break out its current state and show me its ready to go back in the bull territory. Until then I did...
I am really in a mix mindset with USDZAR. I know it is a exotic and most people are taught to stay away from them. They are just like anything else. It still has key market, technicals, and fundamental analysis with them. With USDZAR you can how all that plays with the chart.
With USDCAD we are not seeing as strong moves as we would like. Its slowly making moves down. Not really giving us strong highs and lows. So marking our charts like I displayed here can help us better understand how to enter/exit this market.
This markup is to backup what I said yesterday about NZDUSD. We just saw price breakout and went for 30 pips. That is a lot coming from this pair.
Yes, I am short on USDCAD. I believe it's going to break some lows before going back into buying. News this week also plays a huge role on everything with FOMC this week. Follow and please leave your take on USDCAD.
To start the week NZDUSD needs to get away from all its buying power. We can see how price has move up pass my zone 2. Now we wait until Tuesday since USD bank holiday is tomorrow. Then we can see the market open up a little bit. Follow and comment below your take on NZDUSD!
Once I see the trend has been broken i'm looking for a short long time buy.
With USDCAD we see how large institutions do not know where they want to move price. I see when price starts to move upward we can see a strong push pass 1.305 area.
NZDUSD is showing me some amazing respect with structure. Price is rejecting yellow structure (price rejection) over a period of time. This is letting me know that NZDUSD is not ready to break into the .6467 area just yet. I believe price will test the .6373 level first before making a bullish run.