This is an attempt to short Bitcoin after 5th wave completion. Selling to late buyers
AUD seems to be picking up some momentum and price action tells me a seller stepped in from last week friday. New york session is about to open and price shows first failure clue of an unability to make a higher high
All details on chart. Price action based reading on a classic treng pullback
New york reversal on Poundswissy as sellers keep showing interest in sells by adding positions and chf which is being bought(+4). Price action reading on chart
Going short on Kiwi while the percentage change seems favorable to buy Pound
NZD Weakness is coupled with CHF strenght after signs of big players in. Strenght is OK Momentum seems in sync
Simple Trend pullback, CHF weak and euro strong. 1 Hour into NY forex
The CAD buyers which were present during the Interest rates seem to still be around. A conservative long on CADCHF to end up the week, complex trendPullback waves
I thought the Cad was stronger but i was probably wrong. New York Forex is about to open and on NZD which is a long term buyer, there seems to be enough sellers to buy from. i am anticipating the buy at the same spot where i am selling cadjpy.
CAD interest rates yesterday pushed price higher as the numbers remained unchanged and crude oil inventories supplies got narrowed better than expected and London session did not sell it; it probably means they are still holding their ppositions. All theses are still good news for CAD in my opinion. I am buying it against the Yen which i expect to remain weak on a...
Gold buyers showed interest at the first demand area. From this behaviour i am starting to think, is the buyer still desperate about the buys? Do he still wants it like hot cakes? i am not holding over the week end. Expecting to be filled during NFP if my read is right. Max Target 1700, Max loss 1578. All details on chart
Gold reversal seems confirmed; waiting for price action setups around one of my demand levels to call it long for a minimum of 1700
Buying USDCAD as the flow hourly is strong and the sell orders seem completely liquidated
Pound flow is temporary strong and USD is expected to be weak as a consequence of the epidemy on the economy. New York Market/Short term seller momentum seems faded accross the board. The volume seems to be rising progressively since Asia showing interest in momentum.
The seller who drived price lower than the previous low intention, is probably to get a better price. Assuming the NFP numbers came out extremely bad, i expect the US dollar to be weak. At least temporary! I Set my stop loss that wide not based on my recent low but with the purpose to be able to scale out with a minimal equity draw down if i happen to be wrong.
Buying GBP against CAD Correlation Numbers Neutrality and fundamentals weaknesses ? Pound sellers momentum seems to be fading GBP : +7 CAD : +1