Currently ( Bullish Momentum) within a state of liquidation from the bearish impulse. Within the liquidated movement, looking for short term trend continuation plays if short term higher highs are seen. We can see from last week that retail trades were tricked into thinking structure should continue its bearish momentum further rather just a mere trap for the banks and institutions pending orders to be hit. Any sells aren't really to be seen right now as if structure shows signs of any bearish momentum, can simply be considered as a deeper correction for further continuation to the upside. Will need invalidation of the bullish run we are in for any continued bearish momentum.
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Full analysis on this pair can be found on The Exchange. What do you legends think?
.
The Exchange
The exchange will provide you with continuous information, via multiple daily technical and fundamental market updates from NY and London FX sessions, designed to add dimension and breadth to your trading.
Join Today: www.thatfxtrader.com/the-exchange
Comment:
Moving as expected.
Trade closed: target reached