I was in rush and posted this same analysis in long. Such a stupid of me... Looking to short position in this once it reached the line..
Taking long position of EURCAD, because it has been demand zone for me and the price has to move higher to mitigate some positions and the void that it has created upward to grab most of the liquidities on its way down... Price could go much much higher but for now i would take a small profit...
Looking at HTF, the market has been moving up and I would like to go for long on this pair...
For me the second is my area of interest, but since the price is playing into the area creating liquidities upward, the price might go back grabbing those liquidities and then eventually come down.
I like this area which has been one of my best trading entry area according to my strategy....
Looking for short with the break of the trendline and formation of consolidation for breakout towards downward.
Last week unemployment claim decreased. This weeks forecast also shows that there might be less result than the previous and forecast which will be in our favour to trade with USD. he currency strength meter showing weak JPY and USD at neutral state, the USD have better chances to rise if the news comes in the favour of USD. The technical analysis shows us that...
GBP showing weakness after the long bullish run was ended with a restest of the resistance with supply zone being made that pushed the price lower with bearish candles. Looking for pullback but if the USD currency is on our favour we can go for short. On daily chart of GBPUSD, a doji 2 have formed which indicates indecision candle that might be tired of bullish...