Recent upmove has been on the expectation that the BOJ would intervene. However we may have come to a juncture for profit taking at the very least
Small position short back at yesterdays highs. Bank holiday in Europe today. Expecting it to range until us data in 6 hours. Looking for a Quick 20/20 play Will be looking at loading up shorts @ the 0.7550-0.7590 Zone
Momentum is slowing. Possible of a FB to 1.47 so stop just above.
H&S Formed, EUR bullish momentum after strong breakout last week with the kiw near resistance
Harmonic line ups on Fibs 61.8RT, 161.8 Expansion, 200 Measured Move Demand Zone TL Retest Support Inner Channel Support
Top is set, banks have sold heavy off key Tech levels spurred on by a big miss on SPI q/q Plays moving forward is shorting on retracements
I believe this is a bull trap movement forming a potential right shoulder fundamentally more easing measures are on the cards. Good place to position shorts
Yesterday's short was banked for 20pips, didnt go for the 2:1 RR as PA on the sell off wasnt strong enough Shorted again with SL above Ydays high