Live: Focusing on the big areas again
In today’s live webinar Thinus went through the M2 setups and I went through E&S and also some shorter timeframe setups.
Thinus analysed the DXY chart and gave us some clues on how we could trade the short-term Dollar pullback linking it to some forex pairs.
I showed you some interesting forex setups as well forming up.
The GBPUSD is currently in a possible H&S pattern and we could look to take it once the neckline is broken on a Daily timeframe ideally. Check out the screenshot below
Secondly, we also have the GBPNZD which is currently in a downtrend. We have multiple reasons for the short on the Daily timeframe. In a downtrend, 78.6% retracement, 200 and 55 Daily EMA. Take profit 130 pips at the Weekly 55 EMA.
I further went on to share the E&S setups. Pierre shared the NZDJPY, but I also found GBPCAD and EURGBP as potential setups which look very good for this week.
I also shared how we could look for a possible counter trend on the USDCHF using the E&S template. If we get a breakout above the Monthly pivot which it has been rejecting for the past 4 days we could look to take a long. I also showed you how you could use the 1 HR timeframe on the M2 to catch this setup.
You can watch the full webinar below