Based off the trade last night we are going to start a new trade with the same bearish outlook on AUD, only this time we are going to see how much stronger the CAD can hold. Oil has also been doing great as well so the correlation has been holding true so far for extra confirmation on CAD.
After the big news today and with the equity markets continuing to experience bearish pressure going to take a low base setup here on NZD USD. Using a sell stop to enter into the trade if price continues to fall.
Always remember trend is your friend.
4 hr mitigation candle has been hit, looking to catch a small move down in order to take gold a lot higher. Overall bias is bullish on gold to take out the old high.
Wyckoff accumulation schematic looking oh so pretty. Believe we are finishing up the last test (hopefully) then price should start climbing towards LPS
Looking to ride buy up to displacement. Using 1 hr candle at 50% for mitigation confirmation. Thought we missed this yesterday but looks like price came back to entry and wanted us to get in.
