Good morning everyone,
AUDUSD pair looks like it's giving one more opportunity for a short-term buy.
Several corrections for further buys since the march lows are depicted in the chart , although one should start looking at buys more carefully - either using trailing stops or simply put every upside breakout to break even right away. After what I believe could...
S&P500 is approaching very deep support levels after one of the strongest drops mankind has seen.
From a fundamental point of view, uncertainty levels regarding coronavirus impact remains high and sentiment is also negative. Nevertheless , the best buy opportunities have also been during periods of deeply negative sentiment and high...
GBPJPY seems to have ended the flat correction after the first down impulse. Now, the pair is trading in the middle of a range and therefore, a retest of the top could happen (actually likely as it is correcting lower degree upward impulse). Nevertheless, the medium term direction is to the downside, with a likely touch around the 139.2 level ....
NZDUSD broke out of downward structure. It is retracing now, but it can be a correction in the making, inside of a bigger corrective structure.
Therefore, a wave up can follow the first wave down in the correction after breakout.
Do not jump into the trade. Wait for the setup and then take it. If it goes down more and makes small corrections along the...
GBPAUD may be reversing to the downside. It's forming a 1H correction. You may want to sell the breakout and then see how it develops.
MACD downside momentum has increased, which can be a bearish sign and give some strength to the setup.
Nevertheless keep in mind it can be a Sharp correction and, although unlikely in my view, we can see one more up...
EURNZD seems to be breaking out a flat correction. I am expecting at least the completion of the measured move to the level represented by the blue line.
Wait for confirmation (correction below the channel to enter the trade if you are not in already).
Wish you all nice trades,
This post does not provide financial advice. It...