We can see that JPY Index is exhausted right now and we believe we are seeing a setup of a Market Makers Buyers Profile, this means quit a big drop on JPY (Yen pairs) before it eventually turns back up. For now we are VERY BEARISH on JPY Index
When reviewing CAD/JPY we can clearly see that we have a Market Makers Buyers Profile setup. We have followed the classic setup all the way down, now we have everyone thinking Bearish and that is when MM change it around and start working the BULLISH side of the MM Buyers Profile.
There are 2 steps that can break ...
We are seeing that Crude came down to an old order block entry which is acting as a very strong resistance. We believe Crude has the ability to climb up to 51.50 where there is a liquidity zone waiting for the Market Makers (pay day).
We see a setup of MM Buyers Profile, however, based on how USDX is currently position we think that this Buyers Profile will fail on the 2nd leg up because USDX will have finished its correction and then continue its bullish move into liquidity zone.
Short term bullish on EUR/USD but overall bearish.
NZD/USD is setting up to finish a move up to order block entry level and then a drop, indicating news from NZD later today will keep the rate unchanged.
We are trading both directions on this one, biggest move is a short move.
We can see that EUR/USD have come up to an order block entry and also a liquidity zone, it is now set for a drop down (short) and we have a couple of order block entries that will allow re-entry and cash out. Liquidity zone is also highlighted and is the area we believe it will come down to.
The forecast for USDX. It has come down and touched previous order block, it now has 2 major order block areas in front of it (north, bullish) and then it will go into liquidity zone before it does another retracement before final climb up to top area where we have another liquidity zone.
We now see what we predicted 2 days ago, big wick, we didn't break lower lower so we are expecting bullish move. Add to that that we are sitting at a major number 94 which all the MM loves. Hold on to your hats, we coming in to Wednesday and we all know what that means, we have peaked (pivot), time to turn the ...