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As we've been tracking for a while, USD looks like short-term strength is confirmed leading to bullish candlestick reversal patterns on the weekly. Expecting a continued correction of the current strong downtrend in DXY before finding some resistance at some point and continuing the downtrend for the foreseeable future.
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Looking to short from Zone 4 towards Zone 2. If price stays near to Zone 4, looking to short towards Zone 1. If price breaks and stays between Zone 4 and Zone 3, will short towards Zone 2.
After a break and retest of the inverse head and shoulders a few weeks ago GBPJPY is looking very bullish with higher highs and lower lows. Right now price actions looks to be pivotal, as a major break out to the upside could lead to a Strong year for GBP. A favourable deal with Europe in the Brexit negotiations and the fast and efficient roll out of the COVID...
Price stayed between Zone 2 and Zone 3. Will look to buy towards Zone 3.
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Hello all DuncanForex here with a trade idea - with no advertising about anything so the post will stay active. With the power move during February 2020 (The AB Move) and then a slower retrace to the previous area of support which is now resistance. The FTSE broke out of its downward consolidation long and is now progressing higher over the past few months to...
Price fell from Zone 4 towards Zone 3. When price stays between Zone 4 and Zone 3, will look to short towards Zone 2 and Zone 1.
Price tested Zone 4 a number of times. Waiting for an opportunity to short from Zone 4 towards Zone 3 and Zone 2. If price returns strongly into Zone 4 and Zone 3, will short towards Zone 1.
After the market closed on Friday, price came upwards from Zone 1 to Zone 3. Zone 1 has been tested a number of times and is holding up. When the market opens on Monday, look to buy from Zone 3 towards Zone 4. Expecting price to meet some resistance near Zone 4.
Little pull back to form wave b before going down to wave A
On Friday, the price broke 1.22662 level and continued further down into Zone 3 (1.22135). After the market closed, price went higher above Zone 3 (1.22135). When the market opens on Monday, we will look for the price to move towards Zone 4. When price stays between Zone 4 and Zone 3, will look to short towards Zone 1 and beyond.
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Waiting for price to stay between Zone 4 and Zone 3 before shorting towards Zone 2. If price returns into Zone 4 and Zone 3 strongly, will short towards Zone 2 and Zone 1.
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