


Testing my new strategy. Solely based of price action.
May the second too May the third GBP had multiple fundamental reasons to become weak which had caused this rise. GBP has some news concerning average earnings which is expected to be a postive for GBP. The indexes on a technical analysis aspect i feel GBP looks like at a good point of reversal. EUR has been in strong consolidation and i don't see it pushing any higher.
100th Trade posted lets make this a winner. Long bias towards to USD due to china trade talks is talking to slow down after this long bull run. CHF has some potential news that may push it to the bull side.
After last weeks USD Strength causing a strong bear run. USD Will start to slow down causing less shorting bias which will retest the true value of EU.
Approaching a major level of resistance will be forming a triple top. USD Has it's announcements for Retail sales as well as Core retail sales. I'm expecting these numbers to return lower then expected. Hourly time frame is the red Fibonacci level. Daily time frame is the blue Fibonacci level. Only enter at specific level.
Chinese trade talk last week caused JPY to be weak. This week looking for jpy to gain strength and gain consolidation after the weak bull leg.
Something i'll be watching for next week Huge bull run which needs to push back down to retest the true value.
Enter once you reach the level. Criteria with some positive fundamentals.
Been on a downtrend expecting a reversal with some strong fundamentals coming for the CAD. Expecting a push up to the .50 Fibonacci level which has been a key point of consolidation. TP2 is where a strong point of consolidation has held for a while showing the market respected that key zone.
Expecting a push up from GBP. Strong down trend expecting a push up to the .618 Fibonacci level. Which is a price example of price vs value.
Expecting a pushdown to the 38.2 Fibonacci level. Which will lead to a technical analyse entry. Expecting a push up due to some fundamental reasons.