tomiko17

tomiko17

GBPUSD is yet to decide which direction it will go. Breaking 1.268 would open for further raise, while breaking 1.26 would confirm bearish on H1. Considering it's on daily supply area, with 1.26 area tested 3 times already, I'd prefer short this pair.

tomiko17

Wait on zone for good RR, probably need to watch reaction on lower TF too.

tomiko17

Sideways on TF Daily and H4, no solid trend. I think the price gonna bounce up when reaching nearest demand area. Tight SL with pretty big reward makes a good RR for this one.

tomiko17

Level 1.36 rejected yesterday when FOMC Meeting Minutes took place. So far, the price already consolidates for at least 12 hours. Rejection spotted on 1.35 level, offers a chance to move little lower towards 1.34. In case the level broken, perhaps 1.32 is the next target.

tomiko17

I vote short for this pair, since a major supply area rejected the price yesterday on FOMC Meeting Minutes. While the market consolidates, perhaps the price will visit the area once more before it goes down. But even the supply area broken, I'm still on bearish sentiment for the bigger timeframe.

tomiko17

It appears that bullish momentum last week is only a correction. Weekly candle managed to close below daily support / demand area. So that means the bear is in control again. The SBR (grey line) would be a good area to go short. Or perhaps a little higher on fresh supply area.

tomiko17 Updated 

It's been a while since my last post about USDCAD. The price managed to reach demand area on the bottom and bounced back up. With strong momentum yesterday, the bull is obviously in control now. So I'll pick long for sure.

tomiko17

The pair is facing 2 supply area, which all of them have ben tested once. With that kind of rejection on nearest demand area earlier today, I think those supply area is going to be broken soon. Just about time.

tomiko17

The price managed to break the supply area last Friday. With TF D1 shows clear sign of bullish momentum, long is the wise choice. I'll wait on 2 nearest demand area shown on the pic. No price chasing. Be patient.

tomiko17

EU just touch major supply area which managed to break some demand area earlier this month. No reason to go long. Since this is Friday, I think the low volatility won't move price too far until market close. That means downward movement is gonna take place next Monday, or perhaps Tuesday.

tomiko17

The price managed to go down earlier this week. With the pressure like that, I think this pair isn't gonna go up too high. I have 3 scenario, all end up at the daily demand area. The bear is real.

tomiko17

No touching any of yesterday's supply area but the price already went down. With some rejection shown earlier today, I prefer to skip the first supply area. Wait on the higher suplly area for lower risk.

tomiko17

TF Daily bearish. TF H4 is going for the nearest supply area, then continue going down.

tomiko17

Strong bearish on weekly. Bearish engulfing candle on daily. H4 already made a little correction. Let the bears win! #fingercrossed