Liquidity has been swept and my overall bias is bullish as no institutional highs were broken and this morning Asia broke yesterday's high.
It is a pullback The bullish flip on the higher timeframe is getting ready for the first scalp We are still bullish on the overall higher timeframe But for now we are expecting a pullback and perhaps new all time highs after NFP tonight.
When price breaks a high and returns to the low that broke the high, the first target in your long should be the high that delivered the low to you. Sauce: If it stops at the target then rejects, the low will taken. All credit to @DaveTeaches #DTFX
Overall, I am bearish on GBPJPY, but the last few days have been a bit indecisive. However, for today, during the Asia session, I expect it to pull back, based on the gains from the NY session yesterday. That's about it.
I expect NZDUSD to go down today during the Asia and London sessions because: Overall trend is down on higher time frames Today is pullback day from the highs attained from NY session yesterday It's my first NZDUSD analysis (/s)
Will January decide its trend for the year? A few attempts in the last 6 months to break it down.. Some news events - but are they really what determine the price? Price has already decided. Price before time.
Will it sweep some unmitigated price? Maybe. Will EUR continue its descent? Is it forming support?