Bullish trend line has been broken and the divergence has been confirmed, so there could be a downward correction. Cheers, Andrea
Bullish trend line has been broken and the divergence has been confirmed, so there could be a downward correction. Cheers, Andrea
USDJPY is tumbling to a new five-month low near 106.78 today, struggling within the downward sloping channel. Bearish trend line has been broken and the divergence has been confirmed, so there could be an upward correction. I will use a tight stop loss to block the position in case of further downward power that could further depreciate the dollar. Cheers, Andrea
Waiting for a new trend. No trades planned at the moment. Cheers, Andrea
Retracement Setup Entry next week after breakout of Bullish trend line. Cheers, Andrea
Short Retracement Setup. Entry after breakout of bullish trend line. Cheers, Andrea
Short Retracement Setup. Entry next week after breakout of bullish trend line. Cheers, Andrea
Long Retracement Breakout confirmed, LONG position running. Cheers, Andrea
Federal Reserve is likely to turn more dovish this week and open up the possibility of a rate cut. I think they still need more data to justify a rate cut. Another jobs report alone the lines of the May report would go a long way toward supporting that cut in July. However, Trump with his tweets against the ECB president is trying to push the Fed to be more...