Tuesday Morning Forecast - 10.8.2021
AUD/USD
-in a range but desc. in the short term
-are we going to desc further out of the range or impulse?
-if we impulse, are we impulsing into the range or out of the range?
-if we impulse into the range, is the impulse substantial enough to trust it?
EUR/JPY
-desc. channel is becoming more extended, slowly forming a mini desc. channel
-if we impulse up, how do we break the high?
-is the impulse break corrective or decisive?
EUR/USD
-in a range but desc. in the short term
-same read as AUD/USD
AUD/USD
-in a range but desc. in the short term
-are we going to desc further out of the range or impulse?
-if we impulse, are we impulsing into the range or out of the range?
-if we impulse into the range, is the impulse substantial enough to trust it?
EUR/JPY
-desc. channel is becoming more extended, slowly forming a mini desc. channel
-if we impulse up, how do we break the high?
-is the impulse break corrective or decisive?
EUR/USD
-in a range but desc. in the short term
-same read as AUD/USD