The big move after the UK economic data of 05:30 hrs New York Time had been missed, market now is on the aftermath stage after a failure from 150.00 is mostly done. I am still with the downside move but will be careful till I find the points to make and solid entry on this pair.
The projected sell is between 149.50 and 149.80 with SL above 150.00, TP 148.60
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Week of March 19 - 23
This pair is negative as long as it is below 150.00
Now the pair is confined between 147.00 & 149.50
Any clear break in either direction we will see acceleration:
Clear Break of 147.00 will take price to 145.00
Clear Break of 150.00 Will take price to 153.00 & 156.00
Working on this pair needs high level of caution and very deep assessment each time the pair hits one of the above areas.
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The projected sell is between 149.50 and 149.80 with SL above 150.00, TP 148.60
====
Week of March 19 - 23
This pair is negative as long as it is below 150.00
Now the pair is confined between 147.00 & 149.50
Any clear break in either direction we will see acceleration:
Clear Break of 147.00 will take price to 145.00
Clear Break of 150.00 Will take price to 153.00 & 156.00
Working on this pair needs high level of caution and very deep assessment each time the pair hits one of the above areas.
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Order cancelled:
Trade cancelled as entry price did not materialize