The Dollar as pulled back into its previous 97.5 zone which was previously resistance and now major support. Looking to see some buying on it to push UJ back in the that Supply around 114.2!
Pushed passed that major Supply zone so it should be a Demand zone now. Looking for a nice push up.
Working on the 4 hour timeframe we see GJ respecting the wedge its currently in. Would like to see a nice 100 pip push up due to Brexit optimism.
With no Brexit deal happening now i think we see a sell off for GBP. We broke out of the rising wedge we saw on the daily. I dont think we will get a solid retest of it. I think we will see it continue down to the other end of the wedge that is drawn via the weekly outlook.
NU is setting up nicely for a great short. Looking at the weekly we see it rejected out of the Resistance zone 3 times which was previously a major support zone. Nice bearish engulfing on the weekly. I'd like to see it break out of the smaller channel its respecting on the daily, retest the channel and enter a position at .6805 to the down side for just under 300 pips.
With no deal on brexit I anticipate selling pressure against the Yen. On the daily we have busted through that major zone. Should see a retest (slight buy action) then enter for a nice lengthy short to the down since. 141.00 TP (300 pips+). A long-term TP would be 135.00 at the other end of the downward channel price is coming back into.
Daily retraced to 78.6% and gave a strong bull candle on the daily. we also see the previous supply zone has been broken through and became demand. Looking for a continuation up in line with daily, 4h and 1h trend. Big Brexit news today with also PM T. May announcing her resignation. looking to see a nice break out to the upside.
Price came back into the wedge that has form on the daily timeframe. The Bearish engulfing that followed the correction shows we should continue down to the other end of the wedge for roughly 100+ pips total.
This follows a trend trading strategy. The daily and 4 hr EMAs are crossed up and it is respecting the trend line. looking for a quick 30 pip gain.