WAIT TO BUY AY KEY LEVELS MARKED OUT depending on price action .. Really big support around 1890-1892 as we have seen multiple bounces off this level which indicates this is a nice level for buyers to come into the market . If we see a big break of 1890-1892 trade is not valid .
Great potential for a nice high R;R trade after UCAD broke yesterday i fully expected a retest of the key level marked out , if price starts to turn bearish around this level we mat see a return to some previous lows, Global trend is bearish however if it breaks prepare for longs. Will be definitely interesting.
Will be looking for a slight pullback from EJ into the 124.10-40 area , here is the best opportunity for shorts as it will test are neckline on our heads and shoulders, really good opportunity for some great high R:R trades, Always wait for confirmations and make sure confluences check out before entering
GBPAUD approaching some interesting areas, massive bullish candles are within the markets atm so will see how they react around these key levels+fib levels , keep an eye out on price action around the resistance levels marked out as it may freefall and continue its overall bearish trend on the higher time frames.
Clean traffic also awaits to the left so if we see...
CADCHF set up Interesting too see how this plays out looks good across multiple timeframes. Failed retest of breakout indicating there is still some bearish momentum left in this pair . Also nice bearish candles on the hourly should see a push down today.
GA Short , crossing into an area of massive selling pressure and resistance should see a nice push to the downside. Could turn into swing trade if held long enough. Also previous bullish momentum failed to test previous areas rejecting off our fib levels marked out, Everything is lining up perfectly however be cautious if it breaks/ closes above the key level...