As you are seeing Dollar was on a nice down trend, it made clear lower lows and lower highs and now we may finished a correction wave so let's see Dollar bears jumps in or not.
I hope to see another impulsive down wave after this weak correction wave.
Dollar showed some strength but in technical terms everything is against it and fundamentally traders are still very bullish on it, Anyway as you are seeing this pair now getting some rest and it's in correction mode, It formed a nice rejection candle on top of the pull back then an inside bar so there are two scenario for it: 1. A bearish breakout of inside...
EURUSD came back to it's range high and now it's formed a bearish inside bar on a clear resistance zone.
It formed a clear and nice rectangle then price broke it and pull backed to test it now it's continuing to move in direction of the breakout.
As you are seeing here we have a double top and may a reversal is on the way.
CAD is started to show some signals of resuming it's gains so let's see we can catch another new impulsive move of CAD? I select GBP against it because it's weakest currency for now.
As you are seeing it broke the rectangle and now it came back to test it, There is high portability of making a new high and bouncing back from here.
S&P 500 made a nice and clear double bottom pattern and then after that it rallied and started a new up trend, It had a pull back and now it's going to resume it's up trend.
It formed a nice and clear rejection candle on resistance zone and if you go to H4 time frame you will see some good and strong bearish candles, all of this points signaling that a bearish move is on the way and there is two high probability scenario first it will come to the first highlighted(Break even point) zone and then reverse back, it's why you should move...
GBPUSD formed a nice bearish significant candle from high of the day.
I already have two open short trades with trailed SLs in EURJPY now I'm going to open my next short order after this pull back so if it's made a new leg down I will continue to ride this strong trend and if it's reversed then I will get out from it with profit of my two previews trades.
The main long term trend is strongly bearish but as you are seeing we have a nice reversal pattern with a bullish significant candle formed on a clear key support zone.
It formed a bullish significant candle from low of the day.
GBPUSD down trend was one of the strongest and sharpest trends but now we are facing a big pull back, As you are seeing we got a bearish significant candle and that's suggesting it may resume it's trend.
As you are seeing GBP is showing that it may resume it's down trend.
GBP down trends were on pull backs but now they are starting to move in favor of the trend so yesterday we had GBPUSD and today EURGBP, Let's see what' going to happen and can we catch some big moves?
AUD showed great strength and retraced back but I don't think it can stand against strong USD so as you are seeing price rejected from a key zone and formed a bearish significant candle.