Tomorrow , the 17th, will have strong news for both pairs . The analysis is aimed at the graphic. At this point , it is better to use low lot in trade .
HERE IS A SIMPLE CHART OF WHAT I'M EXPECTING FROM THIS PAIR FOR THE NEXT DAY OR TWO. THE PAIR IS AT IT'S EXTREME TOP, BUT SADLY THERE CAN BE MORE STRETCHING ALL THE WAY UP TO 120 BASED ON HIGHER TIME FRAME ANALYSIS. BUT I'M NOT OVERLY CONCERN ABOUT THIS MOVE SINCE IT IS NOT SHORT TERM. FOR NOW, MY PRIORITY IS FOCUS ON DOWN MOVES. IN OTHER WORDS, ANY +50 PIP MOVES...
HERE IS MY EXPECTATION FOR THIS PAIR FOR THE NEXT 2 MOVES, BUT LIKE MOST PREDICTIONS, THE OUTCOME CAN CHANGE. THE SECOND PROJECTION CAN ALWAYS CHANGE BASED ON THE OUTCOME OF THE 1ST. THE CHART BASICALLY EXPLAINS ITSELF. THE PRICE IS CURRENTLY AT A POSITION WHERE IT IS HARD TO CHOOSE A DIRECTION, SO IT'S BEST TO WAIT A BIT FOR CONFIRMATION, AND THIS IS BASED ON THE...