Hello FP Cheaters, Current 15M chart shows a bullish momentum. However, 1H and 4H show a re-entry. Some evidence marked in the yellow boxes may be indicating institutions pushing the price up above key SR to open short. Increase in volume can be observed. USD news regarding Core Durable Goods Orders m/m will be out soon, could this be a Bull Trap for another Bear...
Hey traders! If you have been following my previous sentiments, I have identified that the bull rally from last Friday till earlier this week was probably temporary as multiple accumulation points was seen above key SR. If you have been loading short entries along with me between 109.30 to 108.80 , that's awesome!! Following this trade, we can start reloading...
Down is the only way to go. Bearishness is still strong... Price will reach 1.36 in days to come. DO NOT LONG ! Trade with care..
Break 1.77 and we will see the 2 red base to shoot the price upwards. Let it slowly unfold. I am patiently waiting for a break up. Keyword : Break up
A possible sign of weakness showing up. Support gets broken and turn into resistance zone that provide a good LRE trade PA is not showing retracement at the moment, should it just drop, I will not chase after this pair.
Price action is still bearish, however, I am slight bullish for this pair. 82 is a support zone and I will be looking out for long opportunity when price re-visited back to that zone. A possible target area would be at the top resistance as shown in the chart.
Bearish waiting for a RT to short it for a LRE Till the origin of the bull run
Bearish. 2 overhead trench gives us a bearish bias. Key Resistance - 0.73 - 0.715 Key Support - 0.692