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GBPUSD .. following EURUSD with the bullish push . All of these will be bullish because the dollar index should show weakness this week as part of its season behaviour
We should continue with this bullish push this week as we are trying to trade the final wave 5 of this (c) wave
These past two month the market has been truly quite yesterday we had a huge price movement but it came late during Newyork . Lets see if price will keep moving in this energetic manner
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XAGUSD 4H .. also we didn't have any movement last week but the idea remain the same after wave (4) completes we keep looking for buying opportunities
Remember GOLD is bullish this moth and any bearish move will be treated as correction move
XAUUSD 4H (gold).. since price didn't move much last week we are still waiting for the completion of this wave (4) then keep trading higher
If I were to pick a pair that will most likely present high probability trades it will be this pair . We are trading wave (3) on the daily timeframe so we will be looking for selling opportunities . Any bullish move we treat it as a pullback to allow us to keep selling . Remember short term trade ideas are build from long term plans
GBPUSD .. I truly don't see a continuation here unless am wrong in naming the pro waves . So I will update the chart letter but am expect some sort of reversal here
NOW the ripple effect on the dollar index trading lower is EURUSD trading higher as this wave (c) seems to want to form an extended wave (5)
The dollar index unless we get a truncated move here on wave (5) that will cause immediately change in the direction , price should continue lower forming a normal wave (5)
