Fibsdontlie
BTCUSD looks good for bullish moveReasons for the trade:
1. It broke daily Change-of-Character ( it broke the last high indicating signs of reversal)
2. It pulled back to 50% level on fibs ( potential to drop lower before initial move to the upside)
3. It’s at a flip zone ( area in the market that is both support and resistance)
4. Currently at a demand zone on daily ( support zone)
BNBUSD potential bearish moveReasons to take the bear move:
1: broke trendline for reversal on 4hr timeframe
2: broken previous 4hr low
3: currently at entry zone on the fibs (38.2-61.8)
GBPNZD SHORT ON THE DAILYReasons for the trade:
1. BROKE OUT OF THE DAILY TRENDLINE ( market reversal)
2. Created a new lower High
3. Major rejection in the area on the Weekly Timeframe ( a lot of wicks on top of candles on the weekly)
4. Wait for pullback and rejection on lower timeframe to enter position
EURCAD downtrend shortReasons for this long term short:
1. It’s still in a major downtrend: lets ride the wave
2. It broke previous low on daily and weekly structure
3. Waiting for pull back at entry zone( preferably at flip zone)
4. Make sure to watch for rejections from the upside(wicks at the top of the candles)
EURAUD SHORT FOR A 100 pips to the 38.2This pair is giving the beautiful setup up for a Short. You can what until this daily candle closes, or secure your entry now, it may not come back to as good of an entry this is.
Rejecting into my entry zone (between the 38.2 - 61.8)
Short down to the 38.2 for 100pips