Will wait for confirmation on the 1H from the zone of interest
USDCAD looks bullish on higher time frame and we go with bias as we have a clear demand level from where if get confirmation will be looking for buys
On daily Euro is weak against Yen and i am expecting the price continue it's trend after it's pullback phase
its quite obvious that we are bullish on gold and the its best to get involved in buys unless you're a scalper, we can see some good accumulation just under 2050 level and will be looking to get involved if i see confirmation that the price will continue in uptrend.
we can see continuation in dollar getting weaker so we can only look for sells on usdjpy as it gives us clear price action, at the moment we are in pull back phase from where we can expect continuation to the down side. expecting price to break some levels on 30min TF so we can get a confirmation entry.
Dollar seems to be weak when compared to other pairs and we can see that usdjpy is at a strong resistance level on weekly and daily time frame, Also we a supply level from where we can expect the pair to fall further.
we can see bullish trend on gold on weekly, daily and 4H time frame and we see a level of demand from which we can expect gold to till 2016 price range.
GBPUSD is bullish on daily time frame, keeping that in mind we can see that GBP has retraced enough to prove itself going strong bullish and on 1H time frame we can see that price has changed the character to continue it's bullish run, so we can expect the price to come into our 1H level of Demand before it continue its move to the upside.
Looking to get into buys from the demand level which aligns perfectly with daily and weekly support level.
As we can see bullish structure on weekly and daily and price has already reacted from the daily support level we can expect price will come down to the demand level marked on 2H time frame before moving further up
EURJPY is bullish on weekly and daily time frame and expecting a pullback on 4H TF, Once the price comes back to the 4H demand level which is also a daily support level gives us strong confluence that the price will continue moving to the upside
AUDCHF has a demand level which it needs to fill before continuing moving up.
We have identified both demand and supply zone from which price may react
Looks like a promising area to take short from and good RR which is worth taking a trade with 1% risk.
We can look to buy GBP from the demand zone into HTF Supply zone
EuroUSD Trade idea for the week based on fundamental and technical
USD seems to be falling as CAD gains strength we can look for sells from the supply zone and target minimum 1:5 RR
We can see a demand zone from where price can move bullish