looking at where the trend started and where the discount price falls. we can get sniper entries at the 61.8 level mark and hold it till we hit 1.28000 mark
looking at the clients sentiments, many traders are buying gbpjpy.if there are many buyers markets will do the opposite. on daily timeframe we expect it to drop and make monthly low and at that point no more buyers will be left since thats the furthest stoploss location. once that point is reached gj will reverse trapping sellers and we will go back to all time...
with positive consumer price index and no change in unemployment rates on the dollar, means dollar will be more favorable this month. Gbpusd we looking for a sell which is a retracement on daily chart below 1.3000, and if the monthly candle closes bearish then it will signal a reversal of gbpusd as on daily chart we have 3-drive pattern which is a potential reversal sign.
usdcad made a break of structure on daily chart and has dropped below 50% level, hence discount price. it might take weeks to hit the target but patience pays.
gbpusd showing a potential bearish trend with a formation of QML which is yet to complete. On higher timeframes like 1D there is a hidden double top. Sentiments suggest few buyers and markets made highs to trap buyers, so as price drops more buyers will join in till markets reach balance point at 50%
simple price action here more clear on h1. CHF has been on high demand and market sentiments show many traders buying usdchf, which intern will lead to more decline on usdchf. on the other hand gbpusd has formed double top on daily chart with the exhaustion of bullish trend. Gbpchf is a cross of gbpusd and usdchf and if gbpusd is bearish and usdchf bearish then...
usdchf is highly likely to resume the bear trend it had few days ago, provided no fundamental event in between.
looking for a bearish momentum in usdcad as powerful cad news on the way
the setup displayed on euro is a risky trade but there are high chances for it to but and move above 1.0000 mark as dollar is showing signs of weakness
usd swiss to start a long term sell as its evident in increasing number of sellers joining the markets.
dollar will be weakening as new seasons begin this september
looking forward for gold to form a double top on monthly chart.
gbpaud will have to get back to order++++ block there after sellers will join
looking for gbpjpy to form head and shoulders pattern in 4-hour timeframe and once we close below neckline thats when the movie will begin.
dollar has been neutral lately so we can give it a shot on the crab pattern.
eurjpy will over but till the given number then you'll see what will happen