FXNTradingGroup

FXNTradingGroup

Coming from a new Peak Formation , we are looking for a break of structure at 1.56000. If we can break below this we will be going short on this pair and looking to take it to 1.54300 as our target..

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So on this pier we are looking for strength of AUD OVER JPY , coming off a brand new peak formation that also tagged previous hire timeframe structure

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We are looking at US dollar strength if we can break below 0.66700 since were coming from a brand new peak formation we should be looking for sells .. If we cannot break this level then we would be looking at a reset and dollar weakness

FXNTradingGroup

We have broken previous peak formation low and we look to have more selling pressure. I expect to see more selling on this pair to at least cover over 3x its own ADR .

FXNTradingGroup

As you can see a new peak formation has been created and we are now looking for sell. So as you saw with the Fed Chair Powell hinting that Fed could begin to pivot and perhaps a lower then expected interest rate hike coming in DEC 14th .. cause the US Dollar to weaken and now we can confirm a new PFH has taken place ... We look to take sell setups on USDCAD ..

FXNTradingGroup

So as you saw with the Fed Chair Powell hinting that Fed could begin to pivot and perhaps a lower then expected interest rate hike coming in DEC 14th .. cause the US Dollar to weaken and now we can confirm a reset has taken place ... So we are interested in looking for sell setup until we at least get to a 4hr TF structure and over 3x ADR ..

FXNTradingGroup Updated 

So coming off a brand new Peak formation , I'm looking for gold to continue to look more bearish as we're still in a brand new cycle. I do believe that we will see major movements based on what the federal reserve does with their interest rate hike expected in early December. The market is expecting a 50 basis point increase in interest rates, if the Fed goes...

FXNTradingGroup

EURGBP has broken above the 0.89600 area. It was currently stuck in a structure of 0.88900 70 pip range. I look for a Longer term movement towards the 0.92700 area. Of course this would take time to get there but offers a very good risk to reward ..

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.... watch for a double top to form and sellers to get in..

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FXNTradingGroup

we are at a good resistance area and could be forming a double top as well.. look for potential sellers to come into the market..

FXNTradingGroup

This Pair is in a ranging market at a resistance area look for selling to coming and drive price back down