HTF: It has still trending upwards. However, the recent price has rejected the 1.217 strong resistance and break the minor consolidation due to the positive outlook of the US inflation data. Combining with the disappointing NFP data last week, I still have a bullish bias in here.
LTF: Having a low volatility trading volume after the huge bearish movement. It is also in a strong structural area.
I expect the pair will consolidate for a while after strong bearish momentum. Wait for more price action to come! Then, I will buy the pair ONLY when the consolidation pattern gives entry signs.
Trade safe and Good Luck, Traders!
LTF: Having a low volatility trading volume after the huge bearish movement. It is also in a strong structural area.
I expect the pair will consolidate for a while after strong bearish momentum. Wait for more price action to come! Then, I will buy the pair ONLY when the consolidation pattern gives entry signs.
Trade safe and Good Luck, Traders!
Comment:
beware of the incoming bearish continuation flag formation
Trade closed: target reached