I see US30 Making an Overall move to the upside, but could see the Bears in the market at the beginning of the week. I know NFP doesn't affect Indices all that much, but make sure you're trading safely this week!
Looking at Nas, I have come to the conclusion that it's a possibility that we could see Nas running Bearish before ascending North. Overall based off of my weekly analysis, I see Nas going Bullish and a continuation from Last week.
USDCAD overall will be a downtrend this week.
Keep in mind NFP is this week; however, we are seeing that the bears have been in control for weeks.
I am looking for price to come up to my entry zone and then I will look to short USDCAD down to at least TP 3 which will fill a wick from past price
I will be looking for EURAUD to continue moving to the downside this week.
Depending on your outlook, we are currently at a LH or HL.
TPs are placed at the fib levels for my sell.
TP 1: 1.62256
TP 2: 1.61462
TP 3: 1.60775
TP 4: 1.60137
Looking for US 30 to continue to head south. This past week it created a nice LH and I am looking for it to either consolidate a bit more as it is on a major support and resistance area if you're backtesting. Look for it to head down around the 2200/2100 area
Looking for the overall sell
I am looking to see how price reacts to my trend line. If it breaks above, it will go to the upper support level. From there I will sell it down.
If price rejects at my trend line, I will also look to sell.
Waiting to see how the market reacts open opening Sunday.
I am looking for AUDUSD to start heading down.
Please keep in mind this is a slower moving pair, so it could consolidate back up to entry before making its final move down.
You can either enter a sell now or wait until the 61.8 retracement level.
TPs at fib levels
Still riding out this trade from last week.
The trade hit my TP1 area and has consolidated back down for a nice HL entry.
If you are placing a new trade on this, my TPs remain the same.
TP 1: 1.36634
TP 2: 1.37843
TP 3: 1.38888
TP 4: 1.39860