EU IS SETTING UP NICELY FOR A BUY. AT THE ENTRY PRICE YOU WILL SEE PRICE TOUCHED IT THEN REJECTED DOWN TO TEST THE DAILY FLOOR. IT HAS NOW CREATED A ENGULFING CANDLE HEADED TO THE UPSIDE. THERE IS NON FARM NEWS FOR USD RELEASED TODAY AT 13:30, KEEP A TIGHT SL www.fxstreet.com CURRENCY STRENGTH IS OK RIGHT NOW FOR EU www.livecharts.co.uk
USDJPY IS CURRENTLY IN A RETRACEMENT ON THE 1HOUR CHART. DUE TO THE M PATTERN CREATED ON THE 4HR CHART. I BELIEVE THE USDJPY WILL SELL DURING THE LONDON/NEWYORK SESSION.
When reviewing the pair on the monthly the stronger trend is a sell. The buyer have been pushing price up. When looking at the monthly you will see a W pattern created. If the buyers are able to break the monthly down trend and create a Lightening bolt pattern it will be a nice trade to hold onto long term.
ETHUSD 1HR CHART...CONSOLIDATION ZONE.. THERE IS A GAP FROM 569 TO 519 FROM WHEN THE MARKET OPENED ON SUNDAY. I BELIEVE IT WILL BREAK THE CONSOLIDATION ZONE TO CLOSE THE GAP THEN CONTINUE UP
USDJPY 1HR CHART .. BUY IS A TRACEMENT & AND SELL CONTINUATION
I BELIEVE THAT BITCOIN /USD HAS CREATED A W PATTERN. IT WILL BE DOING A BULL RUN TO THE PREVIOUS NEW HIGH