Looking for GBP to make a new intermediate short term high. Retrace *where I look to get onboard - then take out the long term high continuing the bullish run.
Currently got 3 scenarios for dollar index. It seems to be trapped in a range collecting players on both sides of the markets. It could go either way at the moment like I said back last year - if we are under 91.24 I thought we were bearish I still think the dollar will go bearish but at the moment the market is trapped. It currently just swept a high if it...
Potentially long if rejection on a dip back to H4/Daily order block. Or short if it breaks through. Have marked out potential idea.
Just a little trade that I want to see tomorrow - might take it will see what happens during NFP. Levels based on daily/H4 - just a test chart.
*So with dollar it looks like it is basically between a range now, it tapped a bullish order block (on the monthly) so now turned breaker to bearish and closed below it - it's at 50% of a monthly level to it's actually at two monthly levels - I think bearish dollar next week. *I am seeing a range of 94.70 - 90.95 - both monthly levels. *For deep trends when it...