Go Long EURUSD now before breaksout above Gann swing mini -DT
There are higher lows forming above low of day which seems un-challenged so far. If price short squeezes above crucial new highs after clear Gann swing spike upwards- should force shorts to take profits. This will be enough to trigger buy programs and get 2-3 atr ( 20-40 pips0.
Trading Range behaviour - so basic strategy is breakouts below will more likely fail as false breaks....scalping buy buying in lower third of ranges formed in green zones, and sell in upper third part of ranges. Do not sell yet unless clear change in gann swing patterns eg, lower highs forming below a clear high with at least one strong impulse swing spike downwards....
Bakdrop : risk - on is NOT OVER yet, just cautious...Stocks will most likely resolve to the UPSIDE, which will support risk-on currencies tonight or start to sell AUD/ GBP against JPY as smart money starts accumulating JPY for a possible future high next week in stocks.