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Wk 14 - To Monitor


GBPJPY

This could be the start of a down trend. Location is excellent, we are at Fib+ Res level. We have the highest down wave after the start of the up trend. To do: No trades yet , monitor the reaction up wave or waves, wait for signal, because we could also start ranging for a while.


EURJPY

Similar to the above comments which are also valid for other XXXJPY, which means that JPY could be getting strong again. Pick the weakest opponent when the time comes


EURNZD - Daily

Abnormal SI at resistance level but still forming - Nothing confirmed yet - Entries after analyzing the 1HR or the 4HR if the 1HR is a mess.


USDCAD

Has reached the Fib - CAD has been stronger than USD - some signs of strength on US but is normal on Fib - Just monitor the reactions on the Fib level- No Entries without signals on either side


NZDCAD

As previously said CAD has been strong last week and we observe an abnormal SI at the end but it is only one bar and still forming. My Bias is Short, entries on H1 or H4, most probably will hit the Fib at least once again.

Enjoy!!!




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