OK - normality restored!
The higher low an hour before FO was a clear buy as price held at the 4000 level and this was confirmed early in Frankies Hour when the small pull back from the 025 level held around the aqua ema.
The 075 level held the rally and the pullback to the 025 area gave another buy opportunity and whilst this did make a higher high, it was only by 9 pips - not at all convincing, setting up a sell off the lower high 5 candles later for the 50 pip drop back once more to the 025 level.
Now I've taken another sell as the 9:30 news candle again failed at the 075 level....I'm hoping that this will give a stronger push down to break the 025 support and retest the earlier lows....TWT
The higher low an hour before FO was a clear buy as price held at the 4000 level and this was confirmed early in Frankies Hour when the small pull back from the 025 level held around the aqua ema.
The 075 level held the rally and the pullback to the 025 area gave another buy opportunity and whilst this did make a higher high, it was only by 9 pips - not at all convincing, setting up a sell off the lower high 5 candles later for the 50 pip drop back once more to the 025 level.
Now I've taken another sell as the 9:30 news candle again failed at the 075 level....I'm hoping that this will give a stronger push down to break the 025 support and retest the earlier lows....TWT
Trading Levels with WRBs