The US Fed have already gone into tightening their policies, And the economy is progressing at a gradual phase. Euro has plunged due to negative economic Data, keep in mind they have mentioned that they would also be tightening their policies. So Euro remains bearish until their Economic data starts a recovery. Once that EUR recovery happens we can Target 1.3000...
Looking to Buy the Retrace if this Bearish Bat holds.
To confirm we need todays Bullish candle to have Good volume.
Most probably I wont sell. Just looking to buy if we have a retrace.
Gold Levels to trade. Entries on 1H Confirmation, Daily candle will close within an hour.
Current levels on the pair. Trade entries on H1 Zone breakouts.
Encase you missed out on the Drop- We are reaching a Reversal zone. Let's see what price action does at that level.
4HR Trend-line broken, H1 show's some retrace.. However H4 61.9 & 38.2 Confirmed as resistance.
Once 0.877 Resistance is broken More Bullish volume should kick in Target should be hit 29-1-17 to 2-2-17 Week Forex.973
As long as 134.346 Holds as Support Target should be hit 29-1-17 to 2-2-17 Week Forex.973
Wait for the retrace/ confirmation before you enter. Make sure your out before the Federal revers meeting! Good luck, TQ