marketmaker

Pair closed about major level 147.50 and retested area and formed new highs. Has retested the trendline(BLUE) which is also a major level and is headed to close above 147.50 on the daily and the 4 hour. Monthly key level, uptrend line and 61.8 fib confluence. With the MA crossover we should see the pair start a bullish move to 156.50 to test for new highs....

*Distribution Phase is done and now the MMs are in Mark Down Phase.* *They have been testing at the 145.00 Support Area for some time* *On Friday 21st July, a clear rising wedge has been completed and the begun to dive to the next support.* *They might test again at 145.00, between 61.8 and 78.6 to get more bearish momentum.* *Watch Close and Short on...