Tuesday Night Forecast - 10.8.2021
AUD/USD
-large desc channel which has signs it might turn into a range
-are we seeing strong momentum/follow through to be convinced to be involved being in the middle of a range?
-no continuation entries are possible as no trends are established
EUR/JPY
-wider range made up of channels and many wicks; very corrective price action
-similar read as AUD/USD but more pronounced since EJ likes to fake out more and tends to be messier
-is there more than clear momentum/follow through?
EUR/USD
-creating a wider desc and a mini desc. channel
-how are we breaking the highs? EU needs more of a push of an impulse.
AUD/USD
-large desc channel which has signs it might turn into a range
-are we seeing strong momentum/follow through to be convinced to be involved being in the middle of a range?
-no continuation entries are possible as no trends are established
EUR/JPY
-wider range made up of channels and many wicks; very corrective price action
-similar read as AUD/USD but more pronounced since EJ likes to fake out more and tends to be messier
-is there more than clear momentum/follow through?
EUR/USD
-creating a wider desc and a mini desc. channel
-how are we breaking the highs? EU needs more of a push of an impulse.