Fundamentals:
Euro strong:
With Germany new cases count getting lower and lower and the vaccine distribution getting a higher pace, we can see the light at the end of the tunnel for the Eurozone. Restriction easing and optimism is helping the economy and it will get better.
AUD mix/weak:
We are feeling more and more the tensions between Australia and China. Those tensions are putting pressure on the AUD. Also, there is new cases in Victoria State and we may see a renewed lockdown, but this time without employees economic support. This will impact the economy in the coming weeks if the situation is not getting better.
Market sentiment:
This is now kinda obvious that EA will go up. The question is when?
Retail noobs are now looking at a beautiful consolidation period which is showing signs of a double-bottom getting formed. They are preparing to buy this support. If this happens, majority will get stopped lower, some will start to sell the breakout while the big players will buy the bottom of this stophunt.
Purple circle or nothing.
Euro strong:
With Germany new cases count getting lower and lower and the vaccine distribution getting a higher pace, we can see the light at the end of the tunnel for the Eurozone. Restriction easing and optimism is helping the economy and it will get better.
AUD mix/weak:
We are feeling more and more the tensions between Australia and China. Those tensions are putting pressure on the AUD. Also, there is new cases in Victoria State and we may see a renewed lockdown, but this time without employees economic support. This will impact the economy in the coming weeks if the situation is not getting better.
Market sentiment:
This is now kinda obvious that EA will go up. The question is when?
Retail noobs are now looking at a beautiful consolidation period which is showing signs of a double-bottom getting formed. They are preparing to buy this support. If this happens, majority will get stopped lower, some will start to sell the breakout while the big players will buy the bottom of this stophunt.
Purple circle or nothing.
Comment:
Consolidation got breached to the downside. Retail noobs will be stopped and will become sellers. Our entry is imminent.
Order cancelled:
Price did not touch the buy limit and went in the right direction for more than a 100 pips. My buy limit is now deleted and I'm moving on to the next trading idea.
Cheers!
Cheers!