Most people think this is the bounce and the last low but I think it's a massive bull trap. Inflation is at its highest and there is also a war going on which will affect all indicies. Russia are also going to retaliate in terms of placing sanctions againt US and Europe
GJ looks very overbought and expecting it to drop before buys start again. Fundamentally, UK is most likely going into lockdown so can expect GBP to get weaker. JPY basket is also looking for a bullish run.
AUDUSD is currently at a 61.8 fib level and is making its third touch of the trend line and also at major resistance. I am also expecting AUD to get weaker over the next few weeks and USD to have a pullback.
GBPAUD/NZD both should see a massive gap fill throughout this week and next week. ANY QUESTIONS drop me a message.
Wait for a bullish candle on the daily chart and enter a long position. We can see a fib retracement to the 0.618 level and a potential inverted head and shoulders on the weekly timeframe. I have place the SL just below the the next fib level.
DUBDUBDUB ONLY. I HAVE NEVER BEEN WRONG