Price has closed last week at the (VAL) suggesting further expected bearish trading activity for this week. The fact that the two-days value area relationship show a lower value, supports this suggestion.
My trading idea focuses on being short next week, but I would wait for my new opening price, and a session high and low (Registered by the first - 4 hourly -...
The GBP has been in the short side for three weeks in a row, and given the close of last week's price below the Value Area Low (VAL) actually validates a continuous downtrend for the GBP. However, the opening price of this week @ 1.2349, which is below the (VAL) and resuming it way down, may be seen as an opportunity for (Responsive Buyers) to push price...
The pair has traded within a fairly tight range last week, ending near the point of control (POC). Price failed to break the April, 2022 lows, therefore, it's hard to predict where the EUR is heading next week, technically speaking.
However, we anticipate a potential breakout scenario, where it may be bullish or bearish. This anticipation is backed by the...