Anticipating EURNZD shorts as price broke above strong resistance and closed back below, broke bullish trend and came back up to retest resistance before dropping.
Similar idea to GBPJPY - Price has been very bullish and am looking to sell the reversal/pullback. GU has hit its monthly resistance and now needs to fall down to the next weekly zone or untested support.
- Anticipating more USD strength based off DXY chart
- Safer sells below the previous low (low risk)
- best entry would be another test of resistance creating a...
Overall looking for a pullback on GBPJPY as it has been very bullish and completely filled that large monthly wick back from DEC 2019. Broke past that high where many orders were profited anticipating price to go down from there and look for the next untested support on the weekly.
- Price could test resistance again creating a double top when the market opens...
Anticipating USD strength based off DXY chart, looking to sell if Gold retest 1835 key level as it has broken and closed as a daily bearish candle below it. Looking to break new lows back to 1800, and hopefully full target 1775 area. 1:5 RR on this setup, safer sells would be a break back below 1826.
Longing beginning of the week if we get a lower daily wick up until the next previous lower high, waiting for price action to show reversal at key resistance, could see it breaking above taking out sellers and closing back below, then I would be taking shorts, riskier entry will be after it has broke the last High for a sniper entry and lower SL. If closes back...
