usdcad I see pushing higher due to some fundamental backing and technical view.
market structure is moving well presenting clean LH and LL'S
trendline retest in a downtrending market, good risk to reward.
Gold to see a possible downside move bk into the liquidity zone at 1450.
Usdjpy is showing the bid price is getting bought at higher zones indicating the bulls are still in charge, we have now shown a break and retest of the market structure followed by a bullish engulfing candle providing we break last months high which I believe we will.
1:3 risk to reward not my usual swing but I seen an opportunity for this pair to push lower continuing its downtrending nature
Audjpy is looking to make a new downside leg, market structure is trending to the downside and rejected my suppky level before breaking out of the wedge pattern. i have entered short as the risk to reward is great and all my trading critera's have been met. trade safe!
Daily structure is showing this pair is favouring the upside, key resistance now turned support has showed a strong reaction indicating that level has found buyers and i project for the momentum to the upside to continue. 1:4 risk to reward
simple price action I am expecting a new high to form around 1.12 phycological level after rejecting key support level where my zone is placed.
Daily bullish flag structure has formed, I am awaiting a clean break and my bias is to the upside as overall this is an up trending market and I believe we could see new highs form on gold.
weekly defending trend has broken indicating the buyers are strong, targets align with a trend line bounce and major resistance level.
from a monthly perspective the picture is pretty clear although this may take a while to play out but there is a great opportunity to go short upon the break of this monthly acending trend line after the major key level has shown numerous rejections over time indicating the market can not climb higher.
more of a short term trade, simple demand entry very small risk targeting the daily trend line and we could witness a possible break of that for more upside as the weekly looks great for buyers
1:5 risk to reward, we are looking ready to make a new leg to the downside to continue market structure. Daily view gives me a great setup that is worth the risk. trade safe, trade with an edge:-)
Dollar index is now in a downtrending market forming daily lower lows and lower highs, simple setup and this can be applied to dollar cross pairs also. Can we see this 3rd touch bounce.....risk to reward is looking good!
AUDCHF looking to continue its downtrend, entry on break of structure. head and shoulders continuation pattern formed with the head rejecting a key level.