Major USD Pairs Discussion | Daily Market Breakdown

The daily high is still very high, the 1hr or 4hr can be a pullback although price is reacting from a good demand level from the higher timeframe let's just see how price plays out

Yeah. That's why without price creating a higher high showing a structural shift, I'll still be waiting until price breaks above 0.5743 in NZDUSD

Let's see how the daily close. I'm expecting this trendline retest to hold.

Yeah. EURUSD is still bearish. I missed out on the intraday bearish channel when I took the buys. Now it's clearer now.
I'll wait for the invalidation of the channel before looking for buys otherwise, price will continue the sells down to 1.1403

That is if price doesn't reclaim that 1hr highs

Yeah the sells will continue

EURUSD-Price has continued the sells within the downtrend channel.

NZDUSD-price rejected at the resistance level. I just identified the bearish channel which signifies price intentions of continuing the sells.

Nzdusd has been heavily bearish, I was thinking that early reversal from that zone would hold but unfortunately it didn't

I didn't expect eurusd to sell this far leaving those imbalances

Definitely price didn't break above it because, USD is stronger than nzd now so the pressure on nzd is much, although nzd has been selling for a long period and now it's in a key demand zone where buys could be expected but price is still in sell delivery

The USD strength is really mounting pressure on the asset. without invalidation of this downtrend channel, price will likely continue further targeting 1.1324.

Price has bounced from that support level multiple times and once broken will continue below, fed has started rate hike, let's just see how the few months will be

GBPUSD- Trade Setup

Trade Type: Long

Entry: 1.32336

SL-1.3193

Comment: I took this GBPUSD buys during Sydney session. Closed out in Asian when price started reversing after filling the daily opening gap.

GBPUSD- Trade Idea

I saw this Inverse pattern on 15mins since price is on a HTF key support zone.

Then I had my buy entry at 1.3233, SL-1.3193 but closed out at 11.3239

Nice management on that one. Letting the daily opening gap fill before banking the move makes sense—protecting profits after momentum fades is usually better than forcing the position to reach a full target.

Yeah it is. But the trade later played out

At least you closed with a little profit and not loss right