This is my IntraDay GBPUSD Trade Idea as I m Still Bearish on Pound.
After the Great Fall USDJPY Started Recovering and Gradually Started Pumping Upwards . I See More Buys Towards Marked Level On Chart To Over Take OLD HIGHS to Seek Buy Side Liquidity For Selling ! If I m on right page Long Runs will be towards OLD HIGHS
AUDUSD has Filled in Liquidity Void and in my thinking Mitigation is happening here + Buy Side Liquidity is being grabbed to Short it . A fake out could Also be Expected !!
USDCAD Sells from Fresh Supply Area Could be Good Scalp !!
AUDCAD Breaking Above the Zone and Seeing Previous 3 candles Momentum it looks AUDCAD breaking above and going to hit above trend line . Be Aware overall Trend is Bearish but in 4H Sell Break of Structure happened Indicating BUYS from the zone.
AUDCAD is in a long Bearish Trend . It Tends To create a New Higher Low but Seems like the zone is being proved more powerful preventing Price to go Up . A lot of consolidation also happened in the zone and now it seems price going down. It would be a Good 150 Pips Shorts Setup.
AUDJPY has Been Falling in a Falling Wedge Consistently. But Since a Week it's kind of Raning in a BOX, we can take it as Breathing but i still Believe it has More Potential to fall . Look for Shorting it from the Area Marked in Eclipse .
After ECB Interest rates Statement Release EURO Pairs Bounces Up Like a Rocket. It has Broken Above Long lasting Resistance. Now Seeing the Bost in EURO i Believe it would Go More UP. But If the Resistance which acting as Support now the Whole Longs Scenario Would be Negated.
Again ECB interest rates is the Reason for this Pair Bounce . Technically it has broken above the zone and we Must Look for Buys from the Zone if it comes down to test it .
Same Analysis Like Last ! (GBPJPY has Risen After GBP DATA RELEASE ! Therefore the the zone in which it just entered can encounter a long Potential REVERSAL from the ZONE.)
MY Idea on EURCHF is Selling From the Zone and Scalping Few Pips in Bag ! In Long term it's not Cleared Yet !
GBPUSD Would be very Good Sells From the Zone in case you missed it . because of Trend Line Touch + Zone Touch
A long Wick And Closure Downwards Indicating More Sells !
Although Gold is Playing Around, But it is Still Bearish Structure Wise .If we Look Gold in Weekly and Day TF it has given 2 touches Upwards Filling Above Area and it will remain Bearish Long Term and i See a Leg Down to 1750 and then Wick Fill of 1680. Seeing price Action it can Continue Correction Upwards till 1815 or 1825 But will Fall Badly !
SXY has Been Following the trend line Since Long and I expect to See a little correction on the trend line and then DXY Bouncing up to 96.500 .
EURNZD Has a Big Bullish Movement due to Data effect of ECB INTERERST RATES. I think Now EURO wana Breathe and Will Drop to its Recent Support!
GBPAUD has broken its previous Resistance level and now a Correction downwards could be seen for Continuing UPWARD Move ... So look for Opportunities to BUY from DIPS near Down Support.
NZDUSD is Currently in a Down Trend and Playing Inside Trend lines (Falling wedge) . The Point where Price is right now is not Good to Short the market as every Trader Must be Shorting it out here So Look For Opportunities to Sell the Market from Upwards Correction , which would be a Preparation to Go More Down !