Hello all,
Pretty quiet in here, the calm before the storm?) big news coming next week, especially for GBP.
I looked at the charts today to make a game plan for next week and see what the new monthly candles might bring. I appreciate any opinions you all might have.
1. For JPY pairs, i see some divergence on H4 ( CadJPY, EURJPY). Although on D1 they look like the Bearish trends are continuing, i will wait a day or two and enter a short if i see good opportunities on H4.
2. GBP pairs... i see something very interesting on the MN chart of GU. See below.
Looks like a nice pinbar.
EURGBP has a similar pinbar forming on the MN chart.
However, i won t enter any trades on GBP until after the news on Thursday.
3. USDCAD - i am still bullish on this pair. We saw a nice break out of the narrowing triangle range, and last week a small correction of that break. Price on H4 has now rretraced down to the 200ema, if i see a nice bullish reversal on H4 i am so in!
4. NZDUSD - i would love to enter a long trade here, however price is approaching the 200 EMA on W1 (aka 800 ema on D1). Strong S&R... looking forward to see if it holds or not. I see on MN chart that we are in between 200ema (Below) and 50 ema (above). I wouldn' t be surprised if this pair starts ranging for some time...
5. GBPAUD and GBPCAD are preparing to continue their bearish trend. However, with the news on Thursday who know what will happen here. Anyways, plenty of time to short after the news.
6. AUDNZD, EURNZD and GBPNZD all have good signals to short (Emmanuel mentioned these pairs quite a while ago, i assume he has patiently been waiting for these pairs to continue their major trend). I especially like EURNZD, the 10, 50 and 200 are perfectly aligning and showing us a nice bearish trend.
That 's it, this is all i find interesting and worth discussing about next week.
What do you guys think?
Stay focused,
Bill
Pretty quiet in here, the calm before the storm?) big news coming next week, especially for GBP.
I looked at the charts today to make a game plan for next week and see what the new monthly candles might bring. I appreciate any opinions you all might have.
1. For JPY pairs, i see some divergence on H4 ( CadJPY, EURJPY). Although on D1 they look like the Bearish trends are continuing, i will wait a day or two and enter a short if i see good opportunities on H4.
2. GBP pairs... i see something very interesting on the MN chart of GU. See below.
Looks like a nice pinbar.
EURGBP has a similar pinbar forming on the MN chart.
However, i won t enter any trades on GBP until after the news on Thursday.
3. USDCAD - i am still bullish on this pair. We saw a nice break out of the narrowing triangle range, and last week a small correction of that break. Price on H4 has now rretraced down to the 200ema, if i see a nice bullish reversal on H4 i am so in!
4. NZDUSD - i would love to enter a long trade here, however price is approaching the 200 EMA on W1 (aka 800 ema on D1). Strong S&R... looking forward to see if it holds or not. I see on MN chart that we are in between 200ema (Below) and 50 ema (above). I wouldn' t be surprised if this pair starts ranging for some time...
5. GBPAUD and GBPCAD are preparing to continue their bearish trend. However, with the news on Thursday who know what will happen here. Anyways, plenty of time to short after the news.
6. AUDNZD, EURNZD and GBPNZD all have good signals to short (Emmanuel mentioned these pairs quite a while ago, i assume he has patiently been waiting for these pairs to continue their major trend). I especially like EURNZD, the 10, 50 and 200 are perfectly aligning and showing us a nice bearish trend.
That 's it, this is all i find interesting and worth discussing about next week.
What do you guys think?
Stay focused,
Bill
focus, manage risk, rinse, repeat