Potential long from 1.0800 to 1.100 maybe? 200 pips can be caught Reason: Monthly trendline and psychological level. I would personally hold this out till it hits 1.100
Psychological area, Oil is rising due to tensions in Iran
Potential USDJPY Short from 109.55 Monthly reversal from next week Daily candle is also showing a sign of resistance at this level.
NZDUSD Short from 0.6430, there is a bit of resistance in this area. Month end reversal, so lets see!
EURUSD Long from 1.1000, reason for this is because it is the month end and the overall view for November has been bearish. This is a strong psychological level and can go up heavy. There is a huge daily W in this region.
Want to see if this is a short from this psychological level
4 hour trendline, session confirmation and a W formed in the 15min TF
Potential drop from 1420.00 as you can see this is a psychological line, so if you enter you could have a SL at 1423.00, July is almost at an end hence why I have put a manual Resistance there, as it could reverse. It is Gold, so it can go wild!
It should form a W and session confirmation should kick in soon
I have posted 2 long trades against CAD, could this help this trade drop? CHF and gold correlate nicely so we may have to be careful with that too!
Need it to touch the weekly trendline and hope it flies high! Be careful, GBP is very volatile
Long from here looks strong with 4 hour trendline and weekly trendline