I would have had a bearish bias on AU if it werent for the way that price wicked off the EQ of that daily OB. show that there is not downside momentum. i believe that into the first couple days of the week price will range inbetween the EQ and the top of the block. Butprice will most likely breakout to the upside and hold above the block. I will be looking for...
USDCAD showing no signs of stopping. however, it will be coming into contact with the 2016 lows soon which im expecting price to retrace off before pushing down and breaking the lows. if the lows can be broken then it is a good indication to me that the 2015 lows will be challenged
Fairly simple breakdown. Price recently broke major resitance level that was the 2016 high. price is now moving steadily towards a 2 year high which i believe will also be broken. Still need to consider the other trades that could happen though. price may break back through the 2016 high and touch the 4HR SR level marked out
UJ could swing bothways this week. all depends on if the previous lows hold. i believe they will hence i have a bearish bias for UJ and all other yen pairs because of the strength that the yen is showing recently
The Euro has been showing good strength recently. i believe that price will push higher and break the 2016 highs. but for that to happen, price must first break into the 4HR OB. failure to do so will change my bias to short and we may see the 2017 lows come into play
I'm going to start analysing 8 pairs on saturdays ahead of the trading week. will be updating each pair every saturday on what i believe will happen throughout the week and then be looking at PA throughout the week to determine what i take and when i take it. will be updating each chart as i go and will let you guys know my entry. sl and tp if anyone is...
Price stuck between two order blocks. waiting on a move into the EQ of either one before i make a move. i believe that price is fairly bullish favourable but i'll be keeping a neutral bias going into the week.
