if we get a nice clean break above, im expecting bullish PA from this currency pair
Gold has began rejecting after taking previous daily lows, we are currently in a contraction phase. I see some short term bullishness in gold, which will act as a retracement for this impulsive bearish move down we have had in this week
This is a range play trade. we are at the discount of our range and have got a lower time frame market structure break. will be playing this to at least the premium of the range
Gold has reached a key level which is acting as support, creating a HL on the H4 chart. An area of accumulation was used as resistance and is now being used as support
EURJPY is at a daily/H4 consolidation, In the form of a flag formation. Price can move in either direction so Im waiting until PA is clearer. JPY index is at a higher time frame resistance, showing signs of a possible decline. If this is the case, we can expect bullish PA from the EURJPy pair
CPI for GBP was negative, where as CPI for euro stayed the same. Fundamentally speaking Euro is stronger than GBP. Technically speaking we are in a range and we have closed back into the range.We are currently at weekly open so if we can close above weekly open and reject it we will reach the range high, this is a counter trend trade so my target isn't too far...
Last months low was taken last week and we could now see a rally. Since market structure is still bearish I will be anticipating a lower high, just a retracement in the market.