Mitigation
GBPNZD #ReasonsWhyTradersAreHatedI still genuinly beleive there will be a UK market crash this year or early 2021 due to brexit, the chart set ups and other economical data give me the confidence of this happening.
We will just have to wait and see how this plays out after the UK officially exit teh European Union at 11pm tonight but I am ready to capitalise on this misfortune #ReasonsWhyTradersAreHated
As always... PATIENCE - CONFIRMATION - ENTRY - PROFIT
EURGBPWe've had the weekly distribution schematic happening perfectly so far, now marking this up again I'll like to see the 2nd LPSY be made for our 1000 pip entry move to the downside which adds confluence of our GBP based pairs heading to the upside long term heading into the first few months of 2020. From that point on I expect EUR to then start to rise begging a bullish rally to the upside as I expect GBP based pairs to severly weaken heading into the end of 2020 as a markek crash is expected.
#WyckoffSchematics
GBPCADWe've caught the sell back down to fill the imbalance, now gearing up for another 600 pip bullish rally.
I will hold my sells as I wanted GBP pairs to drop lower before the rally but the elections had different ideas about that so we will see how this now plays out to potentiall end 2019 with a strong GBP.
USDCADNFP & CAD news at the same time today, this pair is lookign very intereting to look at as the news hits. As we know, institutions use news as an excuse to move price to it's intended targets where they can mitigate out of or get closer to mitigation.
We have an open order just below 31975 and also imbalance we could target for entry to the upside before we see a potential long term sell off. DXY also looking like a simialr set up which I have been anticipating for some weeks now.
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GBPCADI was expecting a bearish sentiment before a very bullish GBP market with Brexit & elections on our door step but it seems the GBP keeps rising which is scary in these uncertain times. This indicates to me a very big market crash coming in 2020 as expected with chart readings, housing market, interest rates, the usual market crash cycle and many other factors tied into this including Euro sentiments.
Many of the other GBP Pairs also have a simialar outlook/set up which I may post analysis on shortly.
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GBPNZDMy bias has been for sells until we reach our long awaited retracement zones at 93400.
However with at Shift of momentum to the upside on structure, I'm now wondering if we can clear the liquidty levels at 2.0300 above before mitigating out at a premium price to the drop to the 93400 prices.
We could also see 2.01000 be met to push lower keeping with the down trend.
PATIENCE - CONFIRMATION - ENTRY - PROFIT