EURUSD has been trending downwards and recently formed a bearish triangle. We're expecting the price to break its corrective structure and continue with the trend.
We're in a 4hr downtrend so I am still sell biased on EU. However if the dollar is strong we have clear buy targets.
If the Dollar is stronger than the pound this week I will be looking to sell to the weekly level.
GJ is currently ranging. I will be waiting for a break and retest either to the upside or down.
Only trading the break and retest strategy. The break has already happened now I am waiting for a retest with multiple wick rejections to confirm a sell. If the sell opportunity is there I will be looking to sell to the weekly level @1.18430.
After breaking the consolidation, price is in a clear uptrend making Higher Highs and Low. I will be only looking for buys up to the weekly key level.
Waiting for GU to break the range either to the upside or downside, based on my GJ analysis I am buy bias on the pound.
Price could break through the first key level before pushing back up, ideally id like to see multiple wick rejections at the key level on lower time frames before entering a buy.
*Beginner Analysis* Waiting for the brexit news on the pound
*Beginner Analysis* Waiting for the brexit news on the pound.