This is my view on this pair for the next few days
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to...
Be interesting to see how price reacts at the daily support and how many will buy the double bottom!
Also broken the ascending TL dating back to the March crash last year so really everything is looking bearish. Just wondering if price needs a correction first as last week was a sizeable drop for a pair with a usually tight range.
there is a likelyhood price may go higher than my initial entry point and rise to the 1.618 fib level indicated (price = 78.742)
i will move my sell limit and pray it triggers lol
remember to do your own analysis if you would also like to enter this trade
comments and/or suggestions highly appreciated:)
If we view this pair from a larger perspective we will see that in reality all sellers that were lured in at the breakout have now been stopped out.
This could mean that banks have significant liquidity to make the true move to the downside.
I will be waiting on a strong pullback before getting involved in long term sells.
Yesterday's collapse filled some of the imbalance from the strong move up.
We are now trading around a previous order block and showing signs of rejection, could this be signs of some bullish momentum prior to NFP?
Ideally, I would like to buy here to the higher OB but I will wait for further confirmation.