Am still short on E/U as it's structure shows bearish on the daily but the DXY shows that we sitting sensitive and significant resistance area as I explained DXY post. so I will sitting and waiting a little bit more info and price to clear the ambiguity.
Dollar index reached double top with in the structure which it may sell of from there as yesterday's daily high candle backs up this scenario. we also could break and resume the rally but either way we are waiting the market to show us where it wants to by impulsing that way followed by a continuation then we would flow the momentum.
AUD/CAD Hourly chart shows that the market is facing critical infliction point where it is now rejecting and holding pretty solid, i am waiting a nice impulse to the downside followed by a clear continuation pattern to confirm we reversed, otherwise it would push higher and produce some continuation, both scenario is possible but the short side of the story is...
GBP/JPY Daily structure shows strong rejections from the bottom of the bullish large flag formed. buyers could target new high to be produced at 187.00 are.
GBP/JPY Formed large bullish structure and where nay be gonna come to the lows to test structure lows once again. I aim to take advantage possible bearish run.
EURO/USD the pair break back in to the structure and selling of, so am just looking a bit side ways correction or a pullback to flow the momentum.
Dollar index tested the major HL and the daily candle looks solid if it closes this momentum, the next day is likely to flow. the upside target is 106.80 up to 107.00. if price somehow breaks the structure that is holding now, then on the pullback be ready to short.
GBP/JPY now that we took out the liquidity area of the structure highs there could be a chance that we could break back in to the structure and provide continuation to short. but if it couldn't hold 183.00 then i would be expecting price to move next area of value.
EUR/USD just waiting price to confirm that the top of the structure is holding by breaking back in to the structure and provide continuation to reverse and sell of.
I am bullish on dollar index though the high time frame long waited bearish bias could kick in.
Dollar index provided impulse, correction and we now expect the next impulse to be launched
GBP/JPY Daily chart is bullish but in LTF am expecting to melt down from the possible right shoulder formation area. am gonna be careful with this one. just have some appetite forthe bullish sidewhile not egnoring the sell side.
EUR/USD sellers are watching key resistance and psychological price at 1.0600
Am still seen the bullish side of the dollar and waiting to catch some moves in the rally to come
GBP/JPY is close to complete and take out liquidity highs before we fall back into bearish trend
Dollar Index formed bullish continuation which we are now rejecting from its bottoms. let's have our attention and be prepared to take advantage if we have the entry criteria on shorting E/U and other pairs.
Not match to say, Just waiting and watching closely to my entry criteria.
Dollar Index is now ready to resume its rally as we filled the bottom of the expanding flag at 106.30 though it could drop 106.20 but from now on am looking to short on E/U. I expect DXY to take out the high which is 100 pips target.