August in the spotlight 2
Updated
After exiting its downtrend channel and uptrend channel earlier today, one could say that the pair is within a horizontal channel.
Comment
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The pair made a consistent bull run after the US GDP negative data release. It might retest the higher high or the 1.1850 area.Trade active
The price retested the higher high at 1.1960. If it moves downwards it will create a double top otherwise bulls could do another run of 50-60 pips.Trade active
The bulls did make another 50 pips run but it might have cooled down as bears have kicked in.Trade active
A strong dip has occurred today. Could this be a sign that bulls a losing ground?Trade active
a - are*; The dip has continued today.Trade active
The price almost reached bears' 3rd tp area but was rejected by the 200SMA on H4.Trade closed: target reached
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