I've taken a short position on EG, prior to PMI data being released over the next few hours.
Yesterday, I managed to get nice sells on this with the technicals provided, to the "weak low" as you see on the chart. Looking this morning, I expect this trend to continue and dont see a bullish angle on this pair yet until we see a deeper retracement - which is what Im...
This is what Im gauging on the NAS100, as well as the Dow Jones and SnP500 (even though the charts aren't presented).
Technically, I see a 4H QM which sets the high, with the lows not giving the same HTF strength that the highs have given. We've got a nice trading range as price hasn't realigned for the stocks to show its true bullish direction to the ATHs,...
