Downside for UCAD
Short term upside
Looking to long at 17.00 and 16.7
Long above 10.4.443. Or short towards 102.622. Purple zones are price congestion zones.
A quick short towards 100.000lvl
Small lots of shorts before draghi speech.
Waiting for that one long green high volume candle to long.
On a 4H it is forming the right shoulder of an inverted Head and Shoulder. Two targets.
Possible Head and shoulder forming
Waiting for a small consolidation or a retest towards the support turned resistance before shorting.
I am more bias on Long due to Dollar Index pointing towards possible Dollar Strength. However, do not discount the
possibility of the short side.
Waiting for a consolidation on 1H for a short signal
Good short set up for EURUSD4H