As usual I keep it simple. I have a few confluences happening at this point and I believe Pound will take a a dive a bit. But especially this pair because it has a 3rd touch and on my custom Fib zones it has reached a crucial zone. It might have also completed the 5th wave?
Watch it carefully and collect some pips!
I really love this pair because its very specific in the way it moves if you have spent enough time with it. I kept this analysis simple because I don't see any major bullish opportunities because our analysis of the dollar is not strengthening anytime soon.
But this is the market keep your eyes neutral and stick to your plan!
Gold has a strong indication that it will begin to drop for the coming week or so. It came to retest the daily broken trend line and has recently broken a smaller time frame(1hr) trend line as well. It would be a good idea to look for the high of the week and sell this commodity.
If there is one pair that does not have a friend is GBPUSD, but it does follow structure if you give it time and don't jump into conclusions.
See if my ideas make sense to you and let's be ready for the week!
Hi traders, as you know I am not one to draw many things on the chart. This is what I see for the coming few days or so. USDCHF tends to be a very bouncy pair but I have a strong belief we will see some strong bearish moves during the week.
Watch out for those zones and make the best of it.
My last ideas got removed because I had some social links. Now I know I can't do that...so lets get back to the market!
Follow the advice on the chart and you can catch some pips for yourself.
FIBZ & WAVEZ
Alright fellow traders, I have a different approach to my trading. We have a weekly important zone reached and we have the NZD GDP release scheduled later on. What game are we playing? breaking trend-lines or testing the stop loss orders? I don't see a good shorting opportunity yet. So I will be on the other side of the fence watching with some popcorn! Lets...
We should be seeing some explosive movements from usdchf soon. It has different setups in the current zone, both on daily and h4/h1. All three hits and we expect some aggressive drop at some point after a confirming price action.