Big Head and Shoulder reversal for the NZDUSD on 4HR coming down to lower timeframes ,notice the retest on the neckline of the H and S .For next week seeing 2 possible senarios play out ,with senario 2 being the most lucky to play but these are markets we trade with what we see
Gold is dropping down to the downside drastically after the ADP news release today.
NB:When interest rates rise ,90% of the time Gold does the opposite ,it drops
Now we look forward to NFP on Friday ,looking very good after today
Gold has been on a downward trend on the 1D timeframe but formed a uptrend on 4HR timeframe (trends in trends) and broke out of that uptrend on Friday (29th of October).Now ahead of the NFP week we are looking for a retest on our previous support before a push to the downside
NZDUSD was on a downward trend and it broke the resistance to the upside,now for the beginning of the week we wait for the retest then we enter buys .SWING TRADE
EURUSD broke out of a downward trend and came back to retest our previous resistance,now we will witness a great movement to the upside.Buyers could be in for a nice profitable session.
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We can see the GBPUSD has been on a downward trend ,so we expecting that touch on our resistance for a long sell on our 4HR timeframe and our 1HR timeframe.We have our stoploss in place about our resistance in case of a break,But long profitable sell on GBPUSD
The USDZAR has been following a downtrend from the past week,expecting to hit resistant and turn to further go downward on the 4 hour time frame.With cases in South Africa of the COVID-19 ,market will further push downward
