Price has been consistently rejected at supply level @1480. The key POC level for this bullish wave is @1475.
I personally prefer a short set up if price re-test level 1480 and the trade will be confirmed if price breaks through POC level @1475
Let's keep an eye on this pair
EURUSD price has been put pressure on this key level, this is the area we must keep an eye on.
Big move is about to happen soon. Whether this level can hold price up or not.
I personally expect a big strike break down through this level, where I will look for a nice short set up for this pair
Nevertheless, the pair totally may find strength to break the triangle...
As shown earlier today, I highlighted this level to keep an eye on as price consistently reacts at this level, showing its respect
A short set up with RR 1:3.5 will be good for this chance
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USDCAD is approaching key demand zone varies about 50 pips @1.30470
I will look for long opportunity when price fall into this zone, especially hit on 1.30470
As I expect USD will stronger in the next few days
DXY is about to gain its strength, EU clearly show the opportunities to look for a nice smooth short entry as price has strongly rejected strong supply level 1.11930 showing a great opportunity to short EU. All we can do is wait for price to revisit that zone (hopefully), and whenever price falls in that selling zone, we will shoot the bullet.
This trend line has been a pressure on gold
If gold can break this trend line and latest high (83) then gold will breaks the down trend structure and revert to up trend as price action shown
The key point now is to keep an eye on this level, wait for price to touch the pressure trend line
I expect there will be a hard reaction as price will fall down to re-test...
In the scenario that:
- SPX500 reach the highest high in all time. Forming a strong supply with triple head
- US10Y trends to fall down
- Gold may go up in the next few days
