Structureanalysis
Long on PullbackLooking to enter longs on a pullback retesting the back of the broken descending TL in confluence to the 0.5 fib retracement, previous area of S&R, and respectable ascending TL supported bu the MA50 momentum shift.
JPYBASKET Daily Double Bottom DivergenceYen Index Showing signs of possible strength with Double Bottom on support along the RSI Divergence.
With this we can see all the JPY related pairs get impacted.
Wait and watch the day scenario....
EURUSD UPDATEDollar index getting higher causing a drop in EURUSD price. EURUSD up-trend is decelerating and seems like it's over and price is in the distribution phase.
Eyes are on the 1.176-- level, and a breakout here will means that we could see 1.1400.
GBPUSD-Weekly Market Analysis-Apr21,Wk1On the daily chart, GBPUSD has retraced back into the buy zone and reverse, this shows that GBPUSD still has the bull within it. Therefore, on the 1-hourly chart, I'm waiting for a buying opportunity from 1.3723 to 1.3700. On the next webinar, I'll be teaching this, stay-tuned.
USDJPY 4H Long OpportunityUSDJPY View. 2 Areas to watch for. Corrective move to the Support for a retest and Daily Imbalance Zone where daily 61.80 Fib level aligns too.
EURUSD Short Trade at Break Even now. Wait for the Double Top Neckline break and retest for the next possible short entry.
AUDCAD 4H ShortLook for the possible Price Action form 61.8 Fib or 4H Imbalance to be filled after the correction
Dollar Index AnalysisLooking at the Dollar Index we can see a Double bottom and an Ascending Triangle formation on the neckline to break the barrier for the dollar to strengthen. Ascending Triangle is a continuation Price Action pattern
So we can see the Dollar strengthening against all the Major FX pair. Watch out for that move.
AUDUSD Long on 1H or 4H Structure ShiftAn inverse Head & Shoulder have been formed and a possible long entries await on Neckline Retest
GBPAUD Short OpportinityThe 4H Imbalance have reacted and now just waiting for the Daily structure shift to confirm the sells on the retest pullback strategy
GBPUSD Long 4HWait for the 4H structure shift for possible buys as the prices are still with in the ranging box
