We believe that USDX is headed for the liquidity zone up around 96.00.
NZD/USD is setting up to finish a move up to order block entry level and then a drop, indicating news from NZD later today will keep the rate unchanged. We are trading both directions on this one, biggest move is a short move.
We can see that EUR/USD have come up to an order block entry and also a liquidity zone, it is now set for a drop down (short) and we have a couple of order block entries that will allow re-entry and cash out. Liquidity zone is also highlighted and is the area we believe it will come down to.
The forecast for USDX. It has come down and touched previous order block, it now has 2 major order block areas in front of it (north, bullish) and then it will go into liquidity zone before it does another retracement before final climb up to top area where we have another liquidity zone.
Looks like EUR/USD could potentially have a fall (short) today.
We now see what we predicted 2 days ago, big wick, we didn't break lower lower so we are expecting bullish move. Add to that that we are sitting at a major number 94 which all the MM loves. Hold on to your hats, we coming in to Wednesday and we all know what that means, we have peaked (pivot), time to turn the time around (if you know me then you know what I'm...
I believe the dollar will do a small correction down, which will in turn strengthen pairs like e/u an g/u but then the dollar will start a bullish run.
I believe the USDX will climb to 96.71 with a possible spike to 97.20 in order to take out stops and take liquidity.
I think dollar will climb up to this level before next potential setup.
We see a RRT on 4h tf and we see a M (2nd leg) formation on 1 hour. Time to go short on G/A
Expect a stop hunt to trap both short and long until Friday, then expect a rally down before turning around to previous structure (long).
We have a double top of GBP/JPY and it has created a nice M on our map. Go short, look left for previous structure, you should be able to capture a couple of nice pips on this one
EUR/USD is about to come down to a strong support area around 1.08122, that should also be the 3rd and final wave down. After this I expect to see reversal patterns.
EURUSD hit major support and started the shape of railroad track (rrt) so time to go short down to 1300.
Looking for GBPAUD to drop, W formation is at top and first leg of M should start to form with short retracement for second leg creation to drop.
Strong resistance at 184.000, pinbar candlestick. Should drop to at least 181.247 where there is hesitation and where it probably will go up and retest resistance at 184.000 level again.
Currently EUR/USD has hit a strong resistance area, this should have E/U fall to at least 1.1275 where there is some hesitation that could turn it back up again for a retest.