Price seems to have found Support around the 1950 area. Let's see how it will play out.
Simple price action: - Looking for a retest of Support before going LONG - 35000 is a significant area with multiple retests - Gap at the 35450 area needs to be filled
Price has pushed up and broken the 1810 area. Inline with HTF momentum, I would like to see price retest 1810 before looking for potential BUYs.
Long-term longs are inline with HTF momentum. 16000 is the HTF target with 15500 as the next area of interest at the break of 15150. About $800 of price action on the cards.
- Clear bullish momentum on the HTF. - Expect a continuation for the rest of Q3. - 15000 is a round, psychological level that's been broken. - Key levels of sensitivity are: - 15250 and 16000 based on Fibonacci extensions
Longs are on the table inline with HTF momentum. First targets are at 0% and the 23.6% extension. A break of 23.6% will push even further up.
GOLD Potential BUYs on the table. GOLD is forming a bullish trend and expecting today's candle to close above a DEMAND zone, and rejected both 50% and 61.8% levels.
Looking for potential shorts on GBPUSD. A downtrend is potentially forming, therefore shorts are on the cards. The next impulse move should move price to 1.3700 - the 23.6% extension. Consider recent USD fundamentals, as well.
A potential Long on GBPJPY with a 6R reward - depending on how structure looks at market open, a potential Long is on the cards with a target of an odd 100pips. Consider, also, how the pair on a significant Daily level.
Potential BUYs on GBPJPY. The current Support is the 61.8% retrace level.
AUDCAD has broken resistance and come down for a retest - let's see how this will play out.