Looks like this pair has finally made a decision!!!!
It had moved to a Bullish bias for a while before consolidation. It looked like then making another push long but that move failed and formed a lower high.
We now have this week closing below support and giving us a short. That follows last weeks big bearish candle that engulfed around 10 weeks of Price Action!!! Looks like we will be targeting back to 1.4650 lows and potentially could find our way down to 1.4250 monthly support long term.
September is a big month for the market with the Fed minutes and the long awaited September rates decision.
I have mentoring spaces available to teach new students my approach to the market. Feel free to email me at FXBENTRADING@GMAIL.COM with any enquiries and questions
It had moved to a Bullish bias for a while before consolidation. It looked like then making another push long but that move failed and formed a lower high.
We now have this week closing below support and giving us a short. That follows last weeks big bearish candle that engulfed around 10 weeks of Price Action!!! Looks like we will be targeting back to 1.4650 lows and potentially could find our way down to 1.4250 monthly support long term.
September is a big month for the market with the Fed minutes and the long awaited September rates decision.
I have mentoring spaces available to teach new students my approach to the market. Feel free to email me at FXBENTRADING@GMAIL.COM with any enquiries and questions