EU make a good double bottom and nice 100+ pips run we are targeting retrace and back below lower trend line This plan will work beautiful if NFP numbers come in dollar favour if DXY breaks support--exit the trade
GU should go for retest from here ---RR is great hence shorted
AUD USD testing Trendline top-- Short offer good RR if trend line holds-- look for entry on smaller TF
EU looking to make Double Bottom on this level-- Eu can still go more down so wait for confirmation before entering on smaller time frame The RR is good here for EU long
DXY seems to be making a local top and correction looks due-- EUR USD looks to test top of trend line now Keep Stops accordingly and look for entry at low time frames upon confirmation
UJ seems like its making a bull trap here its a risky trade to enter but RR is good here so its a short IMO look for confirmation on lower time frame for entry
if the H&S formed on h4--we can look for short entries around 1.155 ---1.156-- we shall look for entries on smaller time frames for price confirmation and wait to see where the direction is before getting in short position
BOC rate hike is expected Dollar seems to be getting rejected again at resistance UCad also hitting resistance and fail to break RR is good so short opened --
the inverse H & S on H1 should hold 1.148 area on retrace and make a new Higher High
GU Back to support zone-- DXY hitting Top resistance-- its good RR for GU longs here --give it a generous sl if it decided to go for stop hunt and move stops to breakeven as soon as you feel you are in comfortable position--- saving your capital is the goal--profit will come anyways :)
look to enter trade on low time frames for confirmation of long if eu breaks double bottom---SL should be properly place RR is good hence longed move stops to breakeven As soon as you can--- If Dxy break resistance--exit good luck
USD CAD hit resistance and it looks like Inverse H & S could be made RR is good since stop is right above the entry
EU held Support Well and looking to retest previous highs at 1.18 --the price action is bullish -- RR is good for long
USD JPY Should make a reversal from 113---113.3 range --- look for DXY 94.35 retest and see how it held FX:USDJPY
GOLD made a 100% retrace and retested the previous lows A rejection with a stop hunt confirms the bullish price action slightly debatable Double Bottom , the wick down was stop hunt in my opinion Risk/Reward is good for this trade so long opened with profit targets Always DYOR DXY solid daily hammer also shows that Gold is a buy for now
after a higher then expected bull run for DXY and UJ ---UJ was over bought Clear daily rejection hammer on DXY indicated the reversal early signs of bulls loosing steam were clear on UJ when channel was broke and retested on h1 UJ pair also closed with clear rejection on market close --h1 and shooting star on D Hence Short opened for UJ pair with profit targets
Nice Rejection Present Short Opportunity Double Top On Daily Always DYOR Trade Active