The patient dog gets the better entry. The resitance line will be hit and will determine the ultimate direction.
This pair bought throughout last week and according to the RSI, it is overbought and will need a retracement. Look for good shorting positions.
Two scenarios. Wait for retest to confirm an upward reversal or for a sharp dogi to confirm a downward continuation.
Ranging maket. Watch your oscillators and be patient to get the best entries.
The market has been in this pattern for the last 3 weeks. We keep bagging pips.
the market is ranging. this is for the period February 28th to March 4th
Not much to say. Ranging market. But more on the upper half of the channel, if price breaksout, expect high volatility.
Upward Trend. If the US Continues to beat the war drums with Russia, the markets will push even higher. Also with no news surrounding Covid, the British economy looks great.
This pair is still in a ranging market given that neither buyers nor sellers have dominated the markets. Therefore, keep buying low and selling high but pay special attention to the news. Especially USD given their current rift with RUSSIA over UKRAINE.