So the market went as more or less expected last week so we sold once more after correction Monday towards Tuesday.
For this week I am expecting potentially another correction as I can see some of the COT data long contract for JPY started to increase whilst shorts for GBP started to increase as well.
So in this regard sell price for July maybe the projection area I have drawn in the chart towards next liquidity area 134 to 135 .
After this week's correction we may expect the next downwards move into this market with target area 128.500.
But first let's see how this week's correction goes.
Once again this is just for educational purposes only.
Trading is risky and you should consider your own trading plan and excecution.
For this week I am expecting potentially another correction as I can see some of the COT data long contract for JPY started to increase whilst shorts for GBP started to increase as well.
So in this regard sell price for July maybe the projection area I have drawn in the chart towards next liquidity area 134 to 135 .
After this week's correction we may expect the next downwards move into this market with target area 128.500.
But first let's see how this week's correction goes.
Once again this is just for educational purposes only.
Trading is risky and you should consider your own trading plan and excecution.
Note
So the market more or less moved as initially analyzed on Sunday.Very soon the correction will be completing potentially
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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.