Jangg

Jangg

EURGBP testing demand line of uptrend channel. Looking at cumulative volume, there is not much of selling pressure.

Jangg

It seems we had more complex distribution schematic than expected. After FOMC USDCAD is going down. Strategy would be to wait for pullback to ICE and if "no demand" or upthrust, take a short.

Jangg

Loonie shows No Demand on ICE. If next bar is down, I will go short.

Jangg

We have shortening of thrust on way down. The last swing before trading range has very high cumulative volume. It indicates possible hidden buying. The current range could be accumulation schematic. 2 possible bullish scenarios: 1. Price false break of trading range (spring) and goes up. While breaking the creek, there is possible backup to the creek. A spring and...

Jangg

USDJPY came back to distribution line (ICE). It made false breakout. I expect to move down to about 100.