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Last week we saw USDJPY move to the downside on dollar weakness provided by NFP the previous week. The momentum was not so strong but it did start to make a bearish market structure as it approaches a major support zone around 111.250. This is also the first downside target for this coming week.
This week with the inverse correlation with gold's bullish momentum ...
Price is on a hourly bearish trend. CHF rejected 50% fibonacci retracement % MA50. Waiting for a breakout of the correction to open a short position till 115.00 aprox. A breakout above MA would invalidate the trade.
It is possible usdcad to continuing downtrend based on perfect retrace and bounce on d1 time frame, this is the key level to watch. Feel free to comment my analysis :)
Shorting BTC every time it bounces off of the 4610-4650 area with a stop loss just above 4700 to protect from a parabolic move higher. If sustained break past 4,700 would long with target around 4,850 and then 5,000. ~4,650 level is key given it was the start off the last major pull-back.
GBP/USD fell down yesterday and broke down the lower boundary of the consolidation. The move was abrupt and on large volume + two new resistance levels were created. The first one 1.3184-1.3204, the second 1.3124-1.3145. Both levels contain increased volume. Given all these facts, we should consider exceptionally short positions. We can enter the market after a ...
USDCAD Short.
* The chart has broken previous daily resistance, however buyers seem to be stalling. Watch that daily candle close for confirmation. Scale in.
* SHORT TERM TRADE
* continuation trade to the Downside.
Target : 1.23544
STOP Loss : 1.25508
I am currently holding this long postion on UJ.
i believe the dollar will get strength, and this pair should see 113.50-114 hopefully this week
*always trade on your own risk
Price has been correcting big bearish movement since last week. EJ rejected 50% of fibonacci + MA50 with a low bullish volume. Breakout has done, so we can expect bearish movements this week.
Looking for a $51.60 break and retest opportunity
2 things here, either go long or GO HOME at $51.62
or wait for the retest of the the $51.65 or so and then
fire away longs
