AUDNZD is right now hovering over one of the first major demand areas,I will wait for it to either break down to lower demand areas and bounce.If it reverses from this point I will wait for it to pull back into fib levels or major supply areas and then I will be short back into demand.Not usually a pair I trade but it's coming back into areas which may provide...
Thinking the eur will get stronger over the next 5 years ,major choppy supply area above if the eur can get there maybe we see a sell off and then a retracement and move to a higher level.I'm looking to get long on a major retracement and looking for a move to higher area.
Still Think Gold is the Play for atleast the next 5-10 years depending on how long this market holds up.With that in mind trading the ranges and liking it long off this trend line back into supply.
Watching AUDUSD for a long towards the weekly trend line formed back into the supply zone, mindful of lower demand zones and will be looking for adequate reactions to these zones before entering a very good risk to reward setup.
EJ About To Run Into Major Supply And Resistance.There is a high probability that It can take out this zone If The Feds Raise Interest rates As this would weaken the quote currency. I will be taking a trade in these areas based on the incoming news and my current bias is short but can change based on what news comes out this week.
CERC long 1.30's Through 1.40's, Got In A Bit Late On This One But Looking To Swing For A possible Chance Of A Move Through The Higher Resistance Levels. Risk=20% Reward= Possibly 50% or More
Feds Have Made It Clear They Would Like To Raise Rates, Already Positioned Short For The Event But Bias Can Change Based On The Outcome of the Event.I'm Expecting More Downside As There is a high Chance of a Raise Going Into These Events
GBPJPY Clearly Respecting Monthly Support ,I have Placed Orders Based On Minor Fibonacci Retracements Based On The Hourly Price.Also, Acknowledging The Bullish Wedge GbpJpy Is Showing On Higher Timeframes.Will Move My Orders Up As Price Moves Up. Short Term Target 140.
Would Like To Dip Buy In Lower Areas But Not Paying Anywhere Near IPO Price For A Company That Is Losing Money.
Near Major Supply ,If UsdCad Can Push Through This Area I See Much More Upside Will Be A Possibility .This All Hinges On Whether Or Not The Feds Are True To Their Word And Have Three Rates Adjustments This Year.