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Looking for USD to give up some pips after a double top on the 60min before continuing up. FED == Hawks BOJ == Doves cheers
the loonie has been murdered pretty badly this past week even after RBNZ rate cut. This week I expect considerable decline in KIWI strength and NZDCAD could be the best pair to play this weakness. BOC == Dovish RBNZ == Dovish This leaves Technical to lead. Odds of success is high, but entry timing is very important if your stop can't be there, Cheers!!
Aussie is finally showing some life which makes me to start considering long trade. This is a counter trend trade Price in channel Price channel support showing some buying interest Fundamentals and Technicals are out of sync. Odds of success is low FED == Hawkish RBA == Dovish Cheers!!
Trade is simple. Predominantly bearish market. Fed == Hawkish RBNZ == Dovish Fundamentals and Technicals are in sync, favouring the down side and giving you a very good odd for success. Cheers!
FIB Trend trend based trade with higher highs and higher lows. Trend currently bullish buying the pullback towards the target.
there are two scenarios. 1) the pair could continue to the target without any more pullback. 2) the pair could make a deep pullback to the 61.8 FIB level offering a very nice entry with low risk. Thumbs up if you like what you see so I can keep posting. Any constructive critique is welcomed! CHEERS!!
A more conservative move would be to wait for 32 or 61 FIB. And keep in mind the daily approached a potential reversal zone but no sign of bullish move yet. Cheers
Was expecting a crown but sellers aren't buying that so look to short around the red box or 61.8_FIB. CHEERS
WATCH for this major king crown pattern, already had a minor one but if you did not catch that this is the one to trade! Cheers!