according to my explanation in the video, cadjpy is currently on an uptrend ,,, where by we await for a confirmation for the resistance as indicated to go long...
setup has been interesting for some while now,,, but i will only enter after confirmation. just as explained in the video
watch through the video, so also we sticking to is our proper confirmation trait. then we go short
eurusd being on long for some while now,, with previous low on broken,,, watch the video for more clarifications on that
we all known dollar index kind of rejected last week , but was unable to break recent low where we tend to see an hammer bar rejection... so will be looking forward to the up movement up to that my resistance i indicated in the video
another funny thing guys... watch your eurusd,, on daily tf,,, look at our strong M that was broken den retested now back at that same area... so madd, how i tend to reason with dxy too,,, u guys shouldn't allow this market to manipulate u. be wise u knw ,,, and watch out for every necessities ... price actions at this key areas
so, we all see the bearish move in dollar index last week, which i believe we currently seeing correction then impulse, so where i circled is an order block area which market is likely to reverse and poof up. we can tend to check for price action though at this areas to serve as our confirmation.
The likes of dollar index, eurusd, gbpjy, and the likes and the possible outlook as regards the movement for this week. like and follow me if you eventually want more of this content.
DXY being an uptrend for some while now, structure broken, but looking out the d touch on the next order block which might support our initial up trend line too.... confirmation is all that matters with addition of price action.
as you can see we've three up top touches, so we probably look for bearish confirmation in going short while we have a good risk to reward ratio. follow me for more setup like this, don't forget to drop a comment too.
chfjpy has formed triple top so at rejection we looking to go short in this case.
looking right from weekly timeframe,, we would notice last week candle formed a doji candle at all time low, and we know this pair to be extremely oversold,, like wise we have a counter line above too which we might look for the the breakout as a confirmation, also noticed the lower highs which is also telling us that the buyers are gradually getting in control
just as explained in the video after some rejection at 61 fib ratio, so we look for some correction and go bullish again...
we've sighted a 61 fib area, as this tends to operate with effect on dxy too, so i would be watching out for reaction at this area before finally executing
as you can eurusd is an overall downtrend.... so price is currently roaming at previous low area, which on lower time frame we can sight double bottom formation. meanwhile, would watchout for price action or either break of previous high to give the direction the market is likely to go.
We all will notice from my previous analysis on how the market went, which according to my video now, we're watching out for confirmation and see where dxy is likely to move in the coming week
#AUDCAD ...... which u would notice is currently forming a H&S pattern ..... although that circled area is also a 61 golden zone, so a rejection from there above would give us a guide to the higher ups,.. while the break below goes other wise.
#CADJPY... we all can see from here that previous high has been broken, meanwhile that point currently is still a golden zone,,, so when market opens if a bearish move sighted,, all fine all well,, if not we might b seeing another high to that resistance above so i might choose to buy only then base on price action..