Looking for a short to start the week if we see further rejection from around the 167.8 resistance.. very early in the week with London session still to come, we may create some momentum from there so no rushing into any trades... 166 immediate target with eyes on 160 if that can break...
Looking to see if price is going to fail its next attempt to push higher, if we do see a rejection and right shoulder ill be taking shorts. Remember we have fundamentals at the end of the week that can change things very quick so make sure you have stops set and if price gets to wild its probably best to just stay out!
Waiting for a bit of strength out of DXY to continue the overall direction on AUDUSD as AUSSIE dollar is showing no signs of life just yet. As you can see I've highlighted an area ill be looking for entry's off the resistance of 0.65. Price should make a move down even if its short term but hopefully we can catch the long term trend continuation!
Ill be scoping entry's off a right shoulder move if price can one again fail another push to the upside. A strong finish to the week for US Dollar has shaped these pairs for there continuations for overall trends.
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USDCAD has reached a resistance level and by his way he formed a valid trendline so now we are waiting for a momentum break of our last swing standing to enter a sell setup