Market has been stalling for the past few days in preparation to NFP and on the 4H timeframe a classic Head & Shoulder is already formed and waiting for prior confirmation to send it to the right/destined position.
Dollar index still has a bit of buy move left in it and its most likely going to achieve that.
The price the market is currently trading is at a buyside liquidity because of the wick, so for now the market will trade down to an imbalance which i highlighted as DISCOUNT only then will the buy charge continue
once dollar drops to its final resistance there will be a quick decline from that area of sell-side liquidity to the imbalance created earlier this month before the NFP
Dollar index still hasn't completely finished its bullish momentum for the year.
So once price gets to 104.574 that will be the last sell zone before its final move to 107.500 to complete its bullish momentum.
Hello traders: This pair is proudly given us a dual confirmation of a sell to its lowest peak. We can see that of a Double top and also a Bearish Engulfing candle, thereby signifying a huge sell to come during the week.
Hello traders: EU is at a strong downward resistance which has been tested 4 times, will the city hunter (EU) be able to break through and get to it's lowest low or will they be another reversal !!!
Hello traders: it's been a while since GA broke out of it's bullish trend and it has done it's major rested of the bullish trend thereby signifying a strong bearish movement to the lowest support area.
