17.8.2021 - Smirk Morning Forecast
Tuesday Morning Forecast - 17.8.2021
AUD/USD
-wider range and a mini rage
-did form a small desc. channel
-are we seeing an impulse to the upside? If yes, that is a confirmation of a previous V rejection.
-are we breaking and retracing to hte upsdie? If yes, that is indicating a range around a liquidity area
-are we impulsing down? If so, are we out of the range enough to get involved in a continuation flag? Being close to liquidiyt area means no retracement entries on a continuation trend since no real trend has been established
EUR/JPY
-trending market; can be involved in aggressive plays
-are we impulsing down or being corrective?
-if we reverse, is it impulsive enough to get involved in both a retracement or continuation flag entries?
EUR/USD
-wider range but still clean PA and recently trending
-are we breaking the high impulsively? If so, retracement and continuation entries are possible
AUD/USD
-wider range and a mini rage
-did form a small desc. channel
-are we seeing an impulse to the upside? If yes, that is a confirmation of a previous V rejection.
-are we breaking and retracing to hte upsdie? If yes, that is indicating a range around a liquidity area
-are we impulsing down? If so, are we out of the range enough to get involved in a continuation flag? Being close to liquidiyt area means no retracement entries on a continuation trend since no real trend has been established
EUR/JPY
-trending market; can be involved in aggressive plays
-are we impulsing down or being corrective?
-if we reverse, is it impulsive enough to get involved in both a retracement or continuation flag entries?
EUR/USD
-wider range but still clean PA and recently trending
-are we breaking the high impulsively? If so, retracement and continuation entries are possible
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.