USDCAD seems ready to go on a sustained run
Think there could be some nice upside. There is a little downward momentum still possibly, but I think it's gonna go up very soon
Think USDJPY needs to give up some gains. Hoping for 105.25 or so...play it by ear
Gonna look for a long entry on 5m chart
Appears to be ready to go up very soon, if not now. There is a chance that it continues a little lower, but I don't think it will be much, although I will be ready with a fairly tight stop loss and look to get back in immediately after seeing signs the downward momentum is slowing.
USDNZD looks ready to go
Looking to long USDJPY once the downward momentum on the short-term timeframes, ie 5m and 15m, seems to have ended. At the moment, I'm thinking that could be in the 104.75 to .80 neighborhood.
Suggested a dead-cat bounce that didn't materialize earlier, but BTCUSD finally seems to be ready for some short-term upside. However, as earlier, I don't believe BTCUSD is a long play on a longer-term view, eg, Daily, so longing here might be running in front of a steamroller to pick up quarters.
I think AUDNZD is ready to jump a little bit. Admittedly, there is some strong downward momentum on the daily and weekly views, but on the 1H chart, it seems like we are definitely ready to jump. Keep on eye on last week's low for support/as a potential stop loss and 1.064 as a breakout line. If it gets past 1.064, I definitely like it's chances of a nice little...
One of the things I have started to get into is reversing the base and quote currencies in order to see if both charts tell the same story or if one perspective differs from the other. So, in a trading platform, you see AUDUSD, but when you chart USDAUD, you see what appears to be a cup and handle as a continuation pattern suggesting USD is going to strengthen...
However, on a longer-term view, whether it's 1H, 4H or D, I don't think this is a long. At the moment, it looks like a short, but after this jump I expect on the 5m/15m view, I would reassess the chart. With that said, this is my first post on BTC and I am definitely not trading it at all, just trying to help anyone else on a Saturday when BTC is the only thing moving.
Re-iterating earlier recommendation
The dollar index is set to jump a little bit. However, depending on your risk tolerance, you may want to watch for a break below the support line as drawn. Part of me wants to time it a little better, but by doing that, I risk missing the boat.
EURUSD seems ready to begin a weeks or months-long fall that could end up being worth hundreds and hundreds of pips
I'm expecting ES futures to run up to 2800ish as of this moment, probably sometime next week