SMART MONEY CONCEPTS strategy on DAY trading - USDCAD showing weakness as price and value of USOIL increase due to energy companies aggressive enormous amount of profits from the big companies in the US and UK Markets
This is a follow up analysis for the GBPUSD. what we saw last week from the technical perspective was price going up to fill up liquidity before heading down. fundamentally, the news impact from the US and earlier raised interest rates from UK Caused lots of mixed sentiments and reaction
in the market.
If price breaks the demand zone below, we can expect the...
This post is totally for educative purposes. Last week was sort of a war in the financial markets as there were lots of news reports that made very huge impacts in the markets. as investors digested the news. This is currently where eurusd lies . Before this move, the bulls had full control of the markets. If the demand zone below is broken, eurusd may go further...
Depending on how this unfolds we could potentially see a huge swing move to the upside. Essentially a break and retest of one of 2 zones, resisting trend line or monthly resistance. I am unsure what is happening fundamentally but this move may not happen at all. After minor top down (basically may have missed something) I can see this moving roughly 8-900 pips up...
