main: update 1: nfp tried to bring the relative value of gbp down, only to find strong support at the zone previously drawn in update 1. last boj intervention caused a rally in UJ, near term unlikely to see this happening as usd is in weekly pullback and possibly dumping mode if retail sales on tues brings this pair down, its an invaluable buying opportunity...
xauusd volatility is more driven by usd rather than gold supply atm. with so many green news for usd nothing is breaking down the fundamental value of gold usd making a strong reversal momentum from its high keep look for red candle with long bottom wick to long xauusd
Gold reaching potential reversal point after weeks of losing streaks bet on the rise of aud
always set BE, sl and lock profit both recessionary currency eur and gbp is on the edge of reversal with usd's pullback from its high. You can long EUR to avoid the usd shenanigans as both of these currencies are on edge for a once in a life time reversal opportunity.
usd pullback/reversal AUD rising up with many gaps above to fill can add more depends on how it approaches the yellow line keep holding! AUD have a great chance to keep moving up and never come back for Q4
just a perspective of how ridiculous dxy will close if it does breaks the high well who knows lol
no matter which side you on (dxy breaking highs/dxy reversing) you will win betting on its fall dxy must come down to the yellow lines in order to break highs weekly candle with a huge top wick, once in a life time usd pullback/reversal?
if u are betting on dxy breaking highs and usd to be strong after or before the volatile news, UJ should be the best pair to go long IMO. carry trade into next week!
With any new and recent BOJ intervention being unlikely, and betting on reversal/small correction of GBP, I will keep looking for long and adding as long as structure holds. The huge floor has been formed, if it ever reaches the green floor, huge lot tight sl can be considered depends on how it reaches there
the buy in in equities have positive correlation with making usd falls usd in pullback/reversal zone looking at weekly september ended please follow stock news before entering this lazy analysis, but i am longing these
if GJ breaks the zone up, buy when it comes back down and forms a bottom wick as confirmation to add add add and carry trade this boi!!