USDCAD has strong momentum on the US Dollar side. After a strong local rally we ended the week right on a local demand zone and we're already moving away from the zone. So this could be a high probability scalp setup when the markets are open again.
EURUSD is currently trading compressed in this local falling wedge and punched into on a local demand. While tomorrow we get Core PCE data. For me an ideal scenario would a bounce on the bottom of the wedge, which seems to happen. Get a long a scalp out of it and potentially we could even see a local rally up toward the news. And if the news isn't great, which...
EURUSD shows a potential short scalp setup. Always wait for confirmation in the form a topping pattern. When that's the case, wait for price to get back in the zone and let it break again. Also be patience when price breaks under the zone and see where next candle opens, otherwsie you might get trapped in a trade. Confirmation is key. No fomo'ing. If the...
GBPJPY showing signs of a topping pattern in a local supply zone. Might offer a scalp downward when price breaks on the previous black candle.
EURAUD bouncing around supply liquidity. A break of the zone downward might offer a short scalp
USDCHF entering demand. Might offer a long setup as the dollar is also recently gaining some momentum again.
AUDUSD topping in a channel in a high liquidity zone and might offer a short setup.
After a big drop, price has been recovering with little corrections on the road and now closing in on its supply liquidity. Therefor it might offer a good chance for a nice short setup as this zone might offer some selling pressure coming back in.
EURCHF at the bottom of a broading channel bouncing on supply. A breakout of the zone might offer a long scalp. Stop order @ 0.9886
EURUSD bouncing on supply, might offer a short scalp
USDJPY bouncing on its demand liquidity, while dollar is recently gaining back some momentum. Might offer a long setup to scalp some pips of it.
AUDJPY seems to breaking through previous supply and closing in on some more supply liquidity and might offer a setup for a short scalp
EURNOK hitting its local supply, might offer a short scalp.
EURCAD closing in on some supply liquidity and might offer a short set
EURCHF closing in on some demand liquidity and might offer a nice scalp for a long setup.
USDCHF closing in on a local supply and might present a short setup.
GBPJPY closing on a major supply, while also reaching the top of an ongoing channel with a low volume rally. Would be easy to turn around and might offer a great short setup. Previous supply got broken with the current mark up, so these often turn into support. So a great target to set for short position. Might wanna observe price behavior and signs of a reversal...
With EURNOK hitting historical levels, the current correction might lose some steam and get compressed before we see another breakout to the upside. Which might offers some nice setups on both sides of the coin.