i think this session has the trending momentum required with the 100+pips from the CPP down to S1=143.26. The third red candle on the hour chart also just breaking through the lower BB, price should reach the floor of S1 which is coinciding with the 200 and 55 moving averages as well. I've set a take profit at 143.5, but already collected 100+pips down from the CPP. With the red flag GDP news to come as well from the US should help?..
hows my analysis greg?
hows my analysis greg?