Daily forecast for shorts and longs

[Zzzz1]

Sorry if you misunderstood me, I didn't meant to go long-term
The last screenshot shows that the trend goes up, I added indicators to prove that I caught the trend in a right way.
As for this thread, I just want to share my thoughts with others, discuss opinions, just like we do now. It's always interesting to communicate to people of my specialty, so it's very good that you wrote your two cents, thank you!
I don't mean that you are wrong, but I described clearly (as it seems to me) why that transaction is not counter-trend. it's bullish as we can see on graphics above.
I'll notice that I have to write whether my forecast is for short-term or long-term trade. I thought that I could write "long" for "buy", but I didn't Sorry for misunderstanding.

 

[Alexfx79]

I look for long on Pound today and hope there will be continuation of correction on GBPUSD
In case of breakdown and retest of 1.2245 resistance level, we should buy. I’ll look for the confirmation and the entry point at smaller timeframes. Potential movement - to 1.2275-1.2300.

 

[Alexfx79]

Long trade is also an idea for Kiwi (NZDUSD) today. I consider buying after break and test of today's high (0.7173). Potential movement to the local resistance - 0.7200. The transaction will be short-term and speculative. Stop loss may be set slightly below the signal formation

 

[Alexfx79]

Yen has significantly adjusted over the past few trading sessions. I continue to watch USDJPY at short. At the moment, the currency broke 103,650 local support. In case of retention of this level and confirmation appearing at smaller timeframes (Price Action patterns on M15) I plan to sell. Potential movement - to 103.00.

 

[Alexfx79]

USDCAD. Technical picture on H1 timeframe indicates development of corrective movement in the nearest future. I highlighted 1.3360 support level. If there will be breakdown and retest of this level and additional confirmation signals appear on the lower timeframes, I’ll sell. Profit-taking will take place at 1.3335-1.3300 levels.

 

[Alexfx79]

I look for long on GBPUSD. British currency has risen significantly against the US dollar over the past few trading sessions. The pair overcame and fixed above 1.2300 resistance level. It’s testing the 1.2350 resistance level at the moment. I’m going to buy after breakdown and retest of this level. Potential movement - to 1.2375-1.2390.

 

[Alexfx79]

An interesting situation formed on AUDUSD. The currency is testing 0.7675-0.7680 demand zone at the moment. If it holds and additional evidence at the smaller timeframes will appear, I’ll sell. Profit-taking might be at 0.7650 level.

 

[Alexfx79]

The most important economic data on the US economy Non-farm payrolls will be released today. I won’t open transactions today. So, I’ll just watch the market, the key support/resistance levels and see how currency pairs react to them. I’ll continue trading on Monday. Wish you all high profits

EURUSD
support - 1.1060
resistance - 1.1120

GBPUSD
support - 1.2420
resistance - 1.2480

 

[Alexfx79]

The presidential elections in the US will tale place tomorrow. The market should be highly volatile. There are quite sharp and impulsive movements. I recommend to reduce the risks. It’s not the right time to open medium-term positions. I plan to work within key levels intraday.

If EURUSD consolidates below the 1.1065 support level, I’ll make short-term sales. Potential movement - to 1.1030-1.1020.

 

[Alexfx79]

USDJPY. Yen is trading at 104.40-104.55 offer zone at the moment. I plan to look for entry points at the exit and retest zone. If quotes will rise above 104.55, I plan to buy. Potential movement – to 104.90.

If the price consolidates below 104.40, I’ll think of short to 104.05.