*YELLEN TO PROPOSE CAPITAL GAINS TAX AS HIGH AS 80% FOR CRYPTO TRADING - HEARD ON STREET
To die or not to die?
Maybe we have found some support intraday.
HL & LL structure, TL, flirting with 200 EMA - worth a try.
SL above 200EMA, 9 pips.
So what now?
Good bull run, double ADR. 1.4 psych level might provide short for a pull back.
TL + sitting on 200EMA.
It is going to do something.
I´m neutral on EURCAD, will observe price action for breaks.
I´m not extremely bearish on EURAUD but it makes sense to short with tiny SL.
It has to break out at some point, so I keep an eye on it. If I had to choose, I´d be bullish. But I do not have to, so I stay neutral.
Caution with that pair, I´d like it to trade above EMA200 on H1 first.
Not the best market structure and it is in big range"box" but I count on AUD strength.
HH and HL, support created - let´s see.
Recent AUD strength gives hope for patterns to play out.
Pull back would be nice.
Nice R:R trade if it pulls back to support. If it doesn´t - little tricky to get in.