I can see a possible setup building here in the next couple of days. The bottom of the channel down coincides with a supply and demand zone right now, so there's two reasons to keep a good eye on the pair at the start of next week. I will be watching the two other indicators as well. For the Quadratics we need the Difference line (white) to pop up above the...
So Oil looks to be in a weekly 3, and about to enter a daily 5 to complete it. There are two possible targets for the daily 5, which would complete the weekly 3. The higher target is actually a bit more likely. I am waiting for a few more good continuation candles here on the 4H to confirm that this is the final retest of the Wyckoff re-accumulation...
I'll introduce everyone to Lewis and we will chat about NZDUSD. We will be going quite deeply into it, so have a look at the pair and do your own analysis first! This stream will
Top of Channel and NZD index on the turn back up. NOTE THIS IS AN OPTIONS TRADE. IF YOU DON'T UNDERSTAND OPTIONS, DON'T TAKE IT.
Stops around 105.76, TP around 104, but happy to run a trailing stop just above the trendline. Wait for the touch of the cross, don't pre-empt
Tomorrow 15th October is Boris Johnson's self-imposed 'deadline' for a deal. There is no agreement but there could be a positive-sounding announcement. That is the only thing holding up GBP at the moment. Headwinds from a poor Brexit, negative interest rates and COVID combine to make this a solid sell. Sell GBPJPY as GBPUSD will be affected by the US elections