wait for deceleration on the 4H chart
Looking for a quick in and out play on the 4H
Keep in mind that the moves that we are seeing can seem volatile, but that it can get worse. Scroll left to see 2008 volatility.
The short on USDJPY as a safe-heaven move will depend on when the liquidity in the USD comes again to normal levels. Until then, we may even have a breakout of this level.
DXY has been playing the risk off environment quite well and I do not see anything that can hold it to reach the next target.
AUDNZD broke parity for the first time but it was short lived. We may get some bid there. I'll be monitoring a break higher on the 1H to trade a long shot.
Here we are, dollar getting bid this morning and broke 100. Causes ? - Risk off move and dollar liquidity issues. Would it change ? Yes, if the variables mentioned change but I won't probably
Covering here the intradays for the day. USDCHF looking nice ! Comment below !
first part, will drop the second in a second. Mainly looking for pullback plays still, market needs to breath. Even though we may have 1 or 2 opportunities to go with the trend in the next hour ! Stay tuned. Comment and like !
Looking for a short play with the trend ? I will be waiting for a pullback to 1290 and see how the intradays / daily reacts there
USDCHF can be the next trade. We already covered it for a long a week ago but I personally did not see it clear enough to play a counter trend even if it worked. Stay tunned and drop a message !
Second part of the watch list from Saturday with the intradays beeing covered. All the pairs are presenting counter trend moves so choose them carefully. Comment below !
Understanding the time when a trade makes a particular is insightful. On USDCAD for example, I am expecting a breakdown in order to take a short on the pullback. However, if that happens during the Asia session when volatility is low, that is not a good sign. Comment below ! Happy trading
Clean watchlist for the week ahead. The overall picture shows a possible pullback environment. Quite a few pairs I have been covering on the higher timeframes. I will be covering the intradays on those probably tomorrow. Stay tuned ! Happy trading. Comment and like !