The market decided to extend a little higher than expected which lot of times we can see on JPY pairs so that was no surprise.
We had sort of fake news earlier regarding no trade deal on US and China which was corrected immediately by Trump saying the first deal is still intact.
Even if it is with the corona virus, employee layoffs situation and investors in fear and confusion we can potentially see the same scenario as last week's pullback before further selling.
The RSI clearly shows over buying same as last Tuesday's end of pullback.
So from here normally we shall expect a double top and sell off for the next 2 to 3 days.
Again this is just for educational purposes only.
We had sort of fake news earlier regarding no trade deal on US and China which was corrected immediately by Trump saying the first deal is still intact.
Even if it is with the corona virus, employee layoffs situation and investors in fear and confusion we can potentially see the same scenario as last week's pullback before further selling.
The RSI clearly shows over buying same as last Tuesday's end of pullback.
So from here normally we shall expect a double top and sell off for the next 2 to 3 days.
Again this is just for educational purposes only.
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.
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.