weekly view for this chart is not that much clear, but sideways market maybe the theme for next month or so, looks like prices will stabilized in this monthly cycle before the open of the next cycle and to be honest i dont know what will be the direction of next cycle, but what i know is we may claim toward 1.28 lvl as consolidation phase may take place ..
i love this kind of market as no body do ... always said do not trade sideways market, but it is not true here you can make money if the market move in your favor like a saw up and down .. now looks like we are in a double trap zone and most probably market will move higher toward 1.15 back, then direction will resume . weekly have 20% falls reading , good luck
after what happened yesterday i think the price took out some stops and activate some orders above 1.0640 in which it may open the door for further move up toward 1.08 which represent the weekly S1 we have 2 scenario to play this market 1st buy now 2nd wait till bull trap activeted and then buy below 1.0550 good luck
Are We Going To See First Wave Reversal Of That Huge DOWN TREND .... fundamental news is almost universally negative... sentiment is negative ..... economy is negative..... US dollar strength..... technical : we are in the end of double zigzag retracement it might end it that cluster lvl at 35-34 extension 32