We couldn't close higher, so I am revising my idea on this for a lower downside target. We probably have one more rally left, then maybe a downside target around either 108 or 106 depending on the next high. Let's see how price develops.
Hopefully we will get some geo political "resolution" in APAC over the next few weeks for an opportunity to long this pair. Bad time to short the yen until then.
Good potential long, then short coming up on this pair.
Supply zone short potential setup. We will probably get a reaction around 2500, but the potential bigger move is if price approaches 1.300. Will keep my eye on this one.
XAU had a weekly supply rejection last week. Selling the retest. First TP should be around 1200, and second 1150.
Supply zone rejection. Will look to short into last demand zone next week. Maybe a H&S.
The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
Will long here if we get good price confirmation. Aussie looks like it's all support on most of it's pairs.
Expect the dollar to continue sideways until price breaks out of the H&S/descending triangle. Updated support and resistance zones for next week.
Untested demand zone long setup. Waiting for price to tell me the zone is respected before entering.
Falling wedge into demand zone. Wait for confirmation as momentum is still to the downside.
Pending short if price can make it to this supply zone.
Too early to tell for me, but will probably get some good moves either way the market decides. But if i were betting, it'd be for long (the big fish tends to always eats the smaller fish). But dont bet w your money.
For those of you who follow this pair, good buy opp imo..
AN is reaching a favorable sell setup. Potential reversal zone is around 100 pips so will monitor for signs of reversal. If you dont want to babysit it, then put your sell limits towards the top and SL above last swing highs.
Why does price approach round numbers and start to fall through only to see it turned back. Bc ppl think in round numbers (within around twenty pips of even numbers--80 to 20 zone). This is also why your stops are taken out. It's just the market picking up orders.
We haven't been able break resistance. My guess is bulls will give up for the weekend. Feel free to rub my nose in it if Im wrong tho.