Bulls will take the market since it seems like sellers are stopped from breaking the demand
Price stopped us out by breakeven, we believe the volatility caused by the US news release but we still looking for a retest in our strong demand zone and proper price action around that area before we pulling that buy button with a risk of S.L pips 25 and T.P pips 523
MAIN IDEA: is bullish movement after price breaking to 618.23 and will hit to 666.18 ALTERNATIVE IDEA: price breaking our triangle channel bellow595.08 we will short to 542.18
T.P got hit, we gonna have a short term buy and long sell as we can see in our bigger picture
Market will be open on monday and we might let buyers overtake it to around 1.27046 i set my selling order around 1.27046 and mt T.P will be along 290 pips down
Price is currently break our OB and running nearly 1.21175 in a clearly uptrend channel. we expecting a short bears on monday before the market shoots around 1.24991 to retest our trend before comes back to our RTO and safe area for buyers which is around 1.23044 and expecting to go long nearly 1.37085. whats your thoughts??? lemme hear from you on my comment...
The market respects the RTO which has shown a clearly downtrend in the LTF, comes back around the are where the SH occured twice. we expecting the bearish movement at the beggining of the London session
when i posted that EURGBP will going to sell on January majority of Traders went against my view and others rejected my idea. but now we on selling market and im gonna hold my position for the whole february as well as march if my setups allow me to do so
price retest my fibs buying entry which is 1809.378 and go to the right direction, due to the weakness in dollar index im expecting to hold it long near 1868.632 didnt take this trade by the way
JPY has a strong fundamental direction while USD is not strong as YEN technical this pairis is in bearish direction