The Dollar seems to be exhausted after the Strong bull run and has broken the trendline and support zone with strong Bearish candles to let us know that there may be a strong reversal. We will wait for a retest and play the USD pairs to the Down side/short and The EU pairs Long/to the upside.
AUDUSD has formed a head and shoulders on the 4hr and carried a lot of bullish momentum going into the end of last week. IF price breaks past the order block and neckline we will know that the bearish trend continues! If price breaks the resistance level then we will play it to the trend line! As of now this seems to be a short term reversal to the upside trendline!
AU has tested the long term trendline and seem to be in a rising channel and ranging. It rejected the pattern trendline and could be a fake breakout of the trendline so we will keep a bearish bias until confirmation otherwise!
eurchf is consolidating and ranging as of now we are waiting om a clear breakout to either side because the buy could mean revrsal and the sell could continue the long term trend! I think this is a bull trap and just an aggresive pulllback!
GU formed a head and shoulders pattern going into this trading week and new month of November! So, by knowing H&S is a common reversal pattern we got in and rode the reversal down to TP2 @1.12500 area and it ran for 105 more pips!
EURJPY has been on a bullish run for almost 2 months! We are looking for buy setups only, we will buy at the breakout of the key resistance level at @147.000 area or at the trendline area @146.000 area. Price has broken out the bankers box and ran both sides which means there will be another impulse coming!
XRP has been outperforming every crypto and stock in the past week! People are saying XRP is set to takeoff, and this is in correlation with the 2014 Pump. It is breaking out of a 3-month Range! Even though this might not happen due to the Odds, but its 2022. Never underestimate Crypto and the black swans in the market.