Patience + buy limits around 49-50 USD region. Daily key levels and 4h resistance zones have held.
Last week analysis prevail quite well, but we didn+t catch anything. I personally deleted a GJ buy limit for emotional reasons, and that buy limit would have hit 80 + pips in matter of a few days. For the upcoming week, we maintain our bullish bias. We shall make only buys, regardless of the timeframe, because of the Strong bullihs trend and upcoming BOJ Interest...
Okay, we hit last week trade and TP perfectly. Although, it took more time than we thought, nearly 4 days. I guess the reason is EU´s low volatility and slow(ish) price movement. This week we are expecting BULLISH Trend to conitnue. However, ECD is declaring an interest rate decision on 27th of July next week. Until then, price is expected to consolidate, but...
Main plan is to buy at traditional fibonacci levels of 50 - 61.8. Optional day trade is to short towards the targer on the 15min.
EU pushed heavily during this week. Price kicked through several 4H key levels and stalled at Weekly/Daily key level above, failing to continue its push. 4h forms clear patterns of higher high - lower high. Price stands now at higher high, and a retest would be expected to a) form a lower high and b) seek possible support zone. Ideally, support zone exists in...