With D.Trump ready to change FED chair Yellen the fundamental outlook is not simple but as long as Trump want cheap US Dollar FED may take some steps in that direction. Analysts says that FED have a good weapon to induce Dollar movements. FED did three rounds of , buying mostly bonds when big short occured in 2008/2009, they was buying those bonds to control interest rates in crisis time. Now there are more and more rumors that they will want to sell it partially.
Daily TF presents three straights candles but PA still holds in KC bands currently tested lower band with hittin 61% retr. As long as is very low (14) signalling this drop is considered as a retrace only. On H4 TF already started growing (37) but momentum parabolic action stands as close to highest and I will not risk sell here. Price stays under lower KC signalling cycle. If PA will not get into 275-267 channel and stay above tomorrow/friday I will search for another buy. Last thing but most important is that main Fibonacci swing (206-360). After PA bounced of 61% we can see that it went to 38% (299) and maded that last 3 days retracement. It is very important imo to back up over 50% (281) and get that as a support. Breaking that lower is a signal to visit 61% again which is not good for bulls. Good luck and trade safe.