Price is stalling out at key support area. we are waiting for the daily candle to close, then see what the next candle does, assuming the candle closes the way it is, we would immediately go long if the next candle makes a higher high (for a 1: 1.5 RR ), then extent our target further to resistance, depending on the price momentum.
However this stalling out might be a result of some major news events coming up, hence we are exercising extra caution.
Some of the events to keep an eye on are as follows:
Wednesday
- ISM Non-Manufacturing PMI (Might affect USD, which still has an impact on this cross pair)
Thursday
- Governor Carney Speaks (might affect GBP)
Friday
-Average Hourly Earnings (USD)
-Non-Farm Employment Change (USD
-Unemployment Rate (USD)
However this stalling out might be a result of some major news events coming up, hence we are exercising extra caution.
Some of the events to keep an eye on are as follows:
Wednesday
- ISM Non-Manufacturing PMI (Might affect USD, which still has an impact on this cross pair)
Thursday
- Governor Carney Speaks (might affect GBP)
Friday
-Average Hourly Earnings (USD)
-Non-Farm Employment Change (USD
-Unemployment Rate (USD)
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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.
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.