A third touch of this supply zone will definitely attract more sellers, big players will need more liquidity to bring price down. Hence, we want to sell a manipulation of this zone first then and break of the pattern.
Premature buyers are to be taken off first, before buyers step in. Banks have been reducing their shorts and gradually increasing longs even though price seems to be moving down. Structurally, this pair is not ready for the buyers. We want to see price move lower and take off the retail buyers before we can anticipate higher prices.
GBP trapped a lot of retail traders looking to buy this pair. This pair will go much lower.
We will look to short this pair after a clear break and close from the rising wedge, a clear bearish price action indicating that sellers are back to push price down will send this pair down. Keep eyes on the breakout.
We can see a bullish continuation pattern formed on this pair. A good entry will be after a break and test of this pattern. We could also look to buy this pair after completion of the corrective pattern from E.
Bitcoin will Dip to $4000 if not lower. We want to sell bearish signs to sell the Bitcoin. A break and test of the wedge will be ideal.
We will want to initiate long trades on this pair from 1.65000 area, with low risk. R:R=1:8
Gold has been struggling to make new highs after reaching 1,610 area in January. Its currently in a correction phase we want to see the pair break lower to 1,540 area to find new buyers.
"USD/CHF" we are a key demand level on this pair. Whether this level holds or not, will depend if buyers make a new high. Also, we see it moving a falling wedge on the daily time frame. A break and test will mean buyers are ready to step in to move price up. We will enter with bullish evidence, which will expose this pair to 0.98300 Area. RRR 1:4.