Update. Price dropped as expected.
Price was not able to break resistance zone at 81.50 - 81.75 level and it drop to 79.825 achieving target level at 80.00.
Will not make any changes to the analysis and wait for possible consolidation and reversal pushing price back up to 82.00 - 82.50.
Lets see how this new week goes.
USDCHF has just drop 50 pips from 0.9950 to 0.9900 entering into a short consolidation zone between 0.9900 and 0.9925 zone. Expected drop to 0.9850 - 0.9825 support level. Wait for retest to enter sell position. Do not rush trade. News are coming. Expect the unexpected. Posible 50 - 75 pip gain. RR 2:1.3:1.
GBPUSD has just drop from 1.2600 to 1.2350 - 1.2275 level, expecting to consolidate at this level followed by a drop to 1.2025 - 1.2000 level.
This is a very profitable / destructive pair, it can lead to huge wins or blown accounts. Wait for exact point to enter trade, if position is opened prematurely it might lead to stop loss hit and missing trade opportunity....
Higher time frame.
New trend lines have been drawn.
Better / clearer view or too much?
-Not too much but remember to focus on present and don't be overconfident, everything could change.
News ahead, all could change.
If things changes, analyze new pattern and understand why it changed.
Will update with previous idea.
CADJPY is on a slow, slow, slow, down trend. Expect price to go down to 80.00 and enter two more trades during this down trend. LOTS of patience is needed but it is a very good experiment to practice your patience skills. Be very careful and don't get greedy adjusting lot size when entering second and third order. REMEMBER to adjust stop loss to lower...