Hello Traders!,
Markets are back open, Hoping we all had a great weekend of rest, relaxation and preparation for the week ahead of us, it seems that we'll still be riding the bulls this week against the USD, lets wait and see!
What Is The Market Telling Us?
Markets are back open, Hoping we all had a great weekend of rest, relaxation and preparation for the week ahead of us, it seems that we'll still be riding the bulls this week against the USD, lets wait and see!
What Is The Market Telling Us?
- Great bullish momentum in this market ever since 14th May, almost a whole month now!
- Price was previously rejected at weekly resistance, will anticipate another test of this level and determine where the trend goes
- 14EMA & 50SMA are repeating pattern of closing in together then repelling
- Higher lows continue to be broken and retested
- Looking for clear bullish patterns on lower timeframe
- Should look to BUY once a clear bullish candle closes above Support 1