NZDUSD- Has the most beautiful chart that i have ever seen this year! Its picture perfect and it will be very good for beginner traders to trade on. NU broke range and we need to wait for Powell to give us our area of entry. I have some guesses where the market will be going but i do not want to add them until i am more sure.
EURUSD is at a 4 hour equal low right now. I am looking for price to pullback when Powell speaks tomorrow. EU has been clear on direction it wants to go. This week will test our patience in the market the first part of the week.
I am looking for GJ to pull back to enter a clean buy. It may not be a deep pullback because GJ already pulled back from the 78% daily fib. I know that Powell will be speaking this Sunday so that can be motivation for price to pullback a bit. I will post my area of entry after the coast is clear
USDCAD- broke that inverted head and shoulders neckline and pushed all the way back down to the neckline and now on a nice uptrend. HOWEVER Jerome Powell will be speaking so Powell may make the dollar pullback due to him not cutting interest rates now.
Dollar broke out of the Range i am looking for price to continue to the upside. Jerome Powell will not cut rates anytime soon. He will keep everything as is so that means the dollar may keep trucking along up hill
GOLD and US10Y looks like it might be able to break out and give clear direction. GOLD looks like it wants to give is a great position to enter high so we can get a nice drop in London or Tuesday. Tuesday the DOLLAR will have news and that news might be negative. That could help GOLD out a lot with the drop.
USDCAD is already in a pullback. I am looking for a price to pull back into the 4-hour order block near the buy zone.
You can counter or be on the safe side and wait for that sell signal to sell and ride it back down. This is such a beautiful look!! the 50 ma letting us know that the price is still on an overall down trend.
The dollar finally made a double top on the 4 hour. This may be a sign that tells us that the Dollar needs to pull back to continue to the upside. I will be looking on the 1 hour time frame for a break of structure of that double bottom neckline.
Hold on to your hats. EU looks like it wants to drop so bad! lol i am here for it! I will be watching this thing on Sunday as soon as market open to get into a very good position. 50MA is right about price. This may help price push down. Please keep your eyes on this one.
Looking for GJ to finish the pullback and continue up! I am excited about this because we can get in before the neckline. We can trail for a long long long time if we like. YEY!!
USDCAD is looking so so good with this beautiful head and shoulders. I am absolutely excited for everyone to see how beautiful the price is just moving so smoothly. I would let price pull back a bit before entering so you can get the best pips collected.
On the monthly price so far is not interested in continuing to the upside. I think price will have to pullback in order to continue its uptrend. We will be on a pullback for a while till at least the monthly order block or around the monthly 50% fib
Monthly time frame price broke a huge inverted head and shoulders neckline. Now price is looking like it wants to start the retest phase. On the smaller time frame like the 1 hour I see that price is on a nice bearish trend. I hope to enter when price pulls back to the 1 hour order block or supply ara. I will be exiting around the 0% fib or the weekly low.
I am expecting USDCAD to keep dropping. On the 4 hour time frame you can see that we did have a huge rejection candle faking the sellers however on the same note there was another rejection candle faking out the buyers. This gives me reason we still have room to keep dropping. Also the 50 MA is above price. on all time frames including the m15.
Gold is retesting the neckline of the Inverted head and shoulders pattern. The 50 MA is still under price and the Dollar is still dropping. Most of the time the dollar (DXY) moves the opposite direction of GOLD. I am looking for a small pullback to the 4 hour order block (blue box) before entering the trade. I am looking to hold to the 0.0% fib or more.
No significant changes to the market structure. Still keeping an eye for sell entries. We are way under the 50 MA. on both time frames the 1 hour and 4 hour. Price just faked both sides of the market. putting everyone in shakeville central.
GJ Is in an overall sell. But when i go into the smaller time frames we still in counter trending phase. I have two options. Just for the people that are intraday traders.