Joined Jun 2016
Status: "Through Playing Down Graphs"
EU did a good attempt yesterday to break of 1.1300, but failed after and now it is sitting in a range of 1.1200-80. I don't like buying this pair yet, but I have a long from 1.1236 (demo) because I don't see anything positive from Euro area and US should offer some positive news for the US Dollar. Also the GU got pounded yesterday and the GDP QoQ should unveil the serious contraction that Britain is facing. I will wait for any signal that tells me that this trend is over, or it is going to continue all the way up.
My question is why would the market close the monthly candle down back where is coming from?
not needs to this month, 1.1099 low still may hold or further low this month ok but a long leg doji monthly to bear next month just towards bottom only , bull try intact & bottom formation most likely if no further bear . though big bear set up monthly present. true as patienceFx say,weekly sell off present .
6 months candle likely a red long leg doji , cover most lower wick to bull try next 6 months possible