AU week 06 update:
This week we saw a strong rally of 228 pips from the week open 0.8753 and already made w new week range of 252pips. The average week range is 200pips.
On the weekly chart, we see a W1 IB breakout with possible resistance above.
D chart show losing bullish momentum for 2 days but the move up is still intact.
H4 shows sign of consolidation before the big news today. We are in a range of the master candle.
Congested area for those playing with 10EMAs.
Since it is Friday, not a good idea to open any new 4H swing trades and also today is US NFP. Tigthen stops and maye full exit today before NFP will be a safe thing to do.
Trade Well.
EMMANUEL
This week we saw a strong rally of 228 pips from the week open 0.8753 and already made w new week range of 252pips. The average week range is 200pips.
On the weekly chart, we see a W1 IB breakout with possible resistance above.
D chart show losing bullish momentum for 2 days but the move up is still intact.
H4 shows sign of consolidation before the big news today. We are in a range of the master candle.
Congested area for those playing with 10EMAs.
Since it is Friday, not a good idea to open any new 4H swing trades and also today is US NFP. Tigthen stops and maye full exit today before NFP will be a safe thing to do.
Trade Well.
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett