CW14 Fundamentally we expect a dovish RBA on Monday night while EUR will have a quiet week.
EA has been in a long term downward channel with multiple LH LL however price has recently broken out and has formed a wedge, we expect an impulsive breakout due to the wedging pattern and the decreasing volume as well.
We look to enter this trade optimally at 23.6%, there is a potential that it might be too late as 23.6% has already been visited.
EA has been in a long term downward channel with multiple LH LL however price has recently broken out and has formed a wedge, we expect an impulsive breakout due to the wedging pattern and the decreasing volume as well.
We look to enter this trade optimally at 23.6%, there is a potential that it might be too late as 23.6% has already been visited.
Comment:
*RBA on Tuesday Afternoon GMT+8
Comment:
AC showing signs of weakness with LH LL on 30m, bias might be towards the downside if price doesn't make new highs soon
Comment:
can't seem to find proper confluences from zoomed out market structure, might not be taking this trade this week