Manipulated since monday. You can see on monday the 5am open was being used as resistance, priming retail into placing stops above this level. Wednesday we swept everyone going short this market.
Now they are pumping this. AS you can see this has been accumilated 3 times (boxes) and its funny how the high just put in is 1333 lololol no many people will put there...
Prepared for either scenario really.
Getting mixed signals from this pari.
We raided last years high so naturally i would look raid last years low but seems like this quarter lows were holding
above the 3M bullish OB, so for that reason i'll be looking to day trade this after i see the reaction we get from
the body (open) of the bullish OB
First 2 weeks of December 2017 and we've retraced into the Bullish OB, we're substaining above 2016 high and i'd like to see this pair now hold the monthly bullish OB and reach for the 6M bearish OB candle open 138.721
Nice and simple EJ
Move down to 6M OB at 0.7450 Look for bullish PA to ride to new highs. Take out 2017 high.
The fact we held low before breaking high indicates a MS break. So as bearish as 3m - 12m candles look on longer term, the price moves suggest we will take 2017 high.
This retracement is just a knee jerk reaction of all the stops we took imo. Many longer term short were...
From 12M to 1W candles.
My analysis is just a map of how markets have been playing out so far.
If u take the 50% of Q1 (2017 1st Quarter) u can see it's been acting as a heavy resistance.
This imo has given many people confidence to short this market. So i see a wipe of buy stops coming soon.
A retest of Q1 mid or even better a rally to the 6M OB at 115.85...
SETUP was clear last week when we raided previous week low however i wasnt able to capitalise.
Will wait for this to materialise.
1)breakdown from current highs
2)we've had 4 moves to key level.
3)time to retrace
4)150.200 to fill in void.
5) Looking to enter at 150.200