Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
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With many speculations on the Dollar over the bullish close last week, you can never marry a direction especially with the Dollar.
The push up from NFP last week could be the 4 hour retrace we need. Theres about a 45 pip Range that Supply & Demand will control. I will be looking for demand to take over and bears to continue the trend. However if Bulls stay in I will await breaks of structure on the 4 hour/1hour before entering . Be patient with this pair, don't expect anything and just flow with what's given to you & you will be successful.
Will update upon further bias.
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
********************
With many speculations on the Dollar over the bullish close last week, you can never marry a direction especially with the Dollar.
The push up from NFP last week could be the 4 hour retrace we need. Theres about a 45 pip Range that Supply & Demand will control. I will be looking for demand to take over and bears to continue the trend. However if Bulls stay in I will await breaks of structure on the 4 hour/1hour before entering . Be patient with this pair, don't expect anything and just flow with what's given to you & you will be successful.
Will update upon further bias.