Snipertrader
US30 short was a hit!!We could see a nice bounce to around the top of the channel with a test of the 40 day MA then a sell off ....check out my youtube for crypto content - youtu.be
GBPNZD- Bearish Opportunity On Retest of Descending Channel-Good sell opportunity on the rest of the descending channel which is in line with the 38.2 fib level which adds confluence that price could rest from that level.
- The Ema's are above price which indicates bearish momentum of the pair.
- Wait until price has reached the significant level and look for a strong bearish candle to sell this pair.
DXY BIAS/Analysis 5/18/2020Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
DXY Analysis Sunday 5/10/2020US Dollar Index could possibly play off the zone of Interest (Box Area); I use the Dollar Index as an indicator for my entries on Forex pairs; Positive and Negative correlation relationships. If DXY confirms on to the upside on lower time frame fractal the AUDUSD-NZDUSD will confirm to the downside at the same TIME on lower time frame Fractals. Which in part have a Negative Correlation with GBPNZD-GBPAUD. Inter-Market Arbitrage.
USDCAD ShortI am overall short on UC, im seeing price reject the zone its at currently for the short. However, if it breaks above i'll wait for a retest for a buy entry to my sell entry around the top resistance zone. I see a gap that price made at the breakout a while ago and rembemered a saying " gaps always get filled" .LOL not always but I can see it happening long term.
GBPUSD anaylsisGU marked up and hit a strong zone of resistance , expecting to see a pull back to the most recent zone then move up for a potential double top pattern. If price manages to break past resistance however I will wait for a retest for the continuation to the upside
let me know how you feel