The NZD got crushed after the news event and we could see it regain its strength so that would mean a continuation of the trend !!!
We could see a nice bounce to around the top of the channel with a test of the 40 day MA then a sell off ....check out my youtube for crypto content - youtu.be
Pullback on GU coming....overall trend is still up but I am expecting a pullback for now
Strong channel forming on EU I'm expecting a strong pull back this week
We could see oil reject the level its at and head back down to support!!
Could we see gold and silver breakout soon? It will be something to watch this week due to our current macro enviroment
At the top of the channel and we are already seeing rejection so short to the bottom should be vaild
EN at the top of the channel so we could see a continuation of the trend !!!
Previous resistance is looking like it became support and we could see another retest and bounce out of the zone for a continuation to the upside.
If we can break above current resistance we could see a major push to around 11-12k. If so long entries on retracements past that zone could be good all the way back to the 14k high of 2019.
BTCUSD still holding strong...However there is a strong wall of resistance we must break through in order for the full bull market to come. If we end up breaking out of this channel to the downside I'll consider going short on the retest of the channel.
-Good sell opportunity on the rest of the descending channel which is in line with the 38.2 fib level which adds confluence that price could rest from that level. - The Ema's are above price which indicates bearish momentum of the pair. - Wait until price has reached the significant level and look for a strong bearish candle to sell this pair.
Would like to see the DXY pullback a bit before continuing to the upside. Looking to play AU and GA; will look for negative and positive inter-market correlations as confirmations at the same time respectively. Accumulation and Distribution smaller time frame fractal snipes will be my plays.
REMEMBER THIS TRADE! We´ve a nice Wyckoffpattern in the 1h. Got a nice Reentry in the 5m Chart, based an an institutional Candle in the 1h. VOLUME is present shows downside support. DON`T FORGET Breakeven after some Pips to protect SL Checkout my other ideas!
US Dollar Index could possibly play off the zone of Interest (Box Area); I use the Dollar Index as an indicator for my entries on Forex pairs; Positive and Negative correlation relationships. If DXY confirms on to the upside on lower time frame fractal the AUDUSD-NZDUSD will confirm to the downside at the same TIME on lower time frame Fractals. Which in part have...