garethburgessfx

Between a rock and a hard place...

Pivot Level

Happened

Not much

Longer time price objective

Downside bias.

Nothing/hard to trade

Careful or you get fucked on the wrong side of this market..

Trade it..!

Watch the 618% for level for directional bias..

Good move down. The market now needs to remain at current level for another move down. August is typically a thin market month. Could slip lower at this time.

Res level kicked in and holding so far...

Close to topping out..

Still bullish for now

Look and learn from the foot print of the market.

Nothing of any significance stands out on this chart.

Longer term a move higher is on the cards. Only something major happening in Eurpe may change this. The GAP at 1.20 still acts as a magnet for technical traders. Watch support for clues to the next move.

My view is to continue working from the sell side until something changes..