DXY has made what appears to be an inverted head and shoulders and its currently testing the ema 89 which it has respected since november. maybe look for a deep correction is the usd majors and some really nice trading opportunities this week!
4H inside bar breakdown, i have important support at 36k failure to hold which is slightly unlikely due to the 95 percent fail rate will result in more down time. as dxy regains strength
Gap closed and 0.5 fib retracement weak dollar and a channel breakout on higher timeframe, mean buying the pullback makes sense. stop under the low.
DOLLAR will be weak on open, look for eurusd to continue moving up and hit our target maybe even go higher. wait for rvi to cross then enter. or enter on this break up and stop below
So GBPUSD is in a clear uptrend, so on a 4h pullback look to enter previously on our last two trades we have utilized the 0.618 pullback to bag lots of pips, so can we expect a third 0.618 4h pullback to enter on? time will tell, its for sure something i have my eye on, if the rally is really strong we might retrace higher up the fibs, price action or rvi...
So gbpusd is making the pullback we expected and now price has reached the 0.5 fib and my money is on this fib level or the 0.618 providing a bullish rally. Look to buy as shown.
Pullback to the 0.618 fib, rvi bullish cross on 1h, look to buy eurusd and ride the next wave up
Looks like eth might set a new all time high in the coming days ahead, after printing this 4h pullback pinbar.
Gold looks like it is breaking out of this channel correction since the high, the weak dollar is stimulating XAU/USD TO RISE. look to use inside bar break up or a pullback to catch some pips.
Has the time come? we have spiked upto 34k which is usually a sign that the end is near. Im doubtful of shorting a raging bull. but the profit taking will likely lead to a new higher low being made in bitcoin. Price atm on the daily is making a pinbar and looks like it is rejecting these prices. Look to short a potential breakdown in price.
So the gbpusd weekly chart has broken a two year high. look to trade a big move to the upside.
Made this impulsive move up on release now if you believe in the project and the coin, then you look to enter on this 0.618 and we almost look like we are starting a parabolic looking curve. Famous last words though aye? i have some spot trading positions open so lets see how it all pans out.
eurgbp appears to have made a 0.618 pullback on 4h chart and becayse of this we can look to long.
So last week we executed two perfect trades in gbpusd for over 300 pips.now we have another pullback to the 0.618 on the 4h chart, and 1h rvi bullish crosses and this makes me believe we will see bullish continuation this week.
Dollar looks weak and this channel correction we have been in since the high looks ready to break, as we have made what looks like an inverted head and shoulders with in the channel this can signify a bottom and we can look to trade an impulsive move to the upside
USDCAD looks to continue downwards movement after retesting previous support. look to sell uscad down to lower lows as dollar continues to weaken.
SO since the move from the previous consolidation we have pulled back to the 0.618 fib three times and rejected with pin bars, now price appears to be being squeezed, price always has retreated to the ema 89 and this signifies to us that we are in fact in an uptrend. Fundamentally we look at the weakness in the dxy index and the dollar, with gbpusd and gbpjpy...
4H chart is bullish and since closing the exhaustion gap price has fallen to the 0.618 fib, it tapped this level and seems to have found support. we can look to buy gbpusd and aim for a higher high. with a stop underneath the 0.618 and the pin.