I will be looking for price action to confirm a long entry. Looking for price to make a low at the end of the week or the first part of next week. <><
Edge to bulls here. Looking for price to trend up some at this point. Stops were run. Buy pullbacks within up wave projection. <><
Looking for bulls to run out of steam if they hit the areas circled on the chart. <><
Looking for a bottom to form around 630am est. Then a push to at least 56. <><
Looking for this pair to have a wave down now. We should begin to see bearish price action soon.
Possible down wave fractal on this pair. Enjoy. <><
I would watch for selling opportunities on this pair.
Looking for GBPUSD to continue an overall move up until later this month. Then time to look for sells. Watch for big players tp induce longs.
Potential stop hunt area. Most traders are short pound/yen right now. If price moves down and takes out the long traders' stops then I look for price to move up to a new high taking out the stops of the all the short traders. Then maybe maybe a larger sell off.
News comes out at 830am est for CAD so be careful. I will probably close out by then. Bearish on this pair. Possible fractal forming. Banks could use the news to exit some long positions driving this down but trading the news is very risky.
This is a potential long trade if price reaches back up to buy point.
Look for selling to continue at least to target area.