18.8.2021 Smirk Wed Forecast
Wednesday Morning Forecast - 18.8.2021
AUD/USD
-trending market similar to EU
-are we going to break the low and close well?
-if we break and retrace, are we paying close attention to whether momentum is slowing or not? AU does trend correctively so it is possible to get involved to the downside in a desc. channel. Pay attention to number of counter trend cancdles, how we close and if we have any second pushes to confirm the first.
EUR/JPY
-large range with wicks to both sides, maybe an indication of another extended range?
-desc. channel through the bottom of the range but seeing momentum to the downside
-are we gonna continue the momentum or break and retrace?
-how long are we hovering around the bottom of the range? If not long and we break the low soon, higher chance pressure down is sustaining; if we range around more, more convinced we've lost momentum
EUR/USD
-trending market currently --> can be more aggressive in plays however EU does move in larger impulses than other pairs
-keen to get involved on a continuation flag
-are we impulsing down or being corrective?
-if we reverse up in a v-rejection, are we seeing a range playing out before getting involved in a continuation retracement?
AUD/USD
-trending market similar to EU
-are we going to break the low and close well?
-if we break and retrace, are we paying close attention to whether momentum is slowing or not? AU does trend correctively so it is possible to get involved to the downside in a desc. channel. Pay attention to number of counter trend cancdles, how we close and if we have any second pushes to confirm the first.
EUR/JPY
-large range with wicks to both sides, maybe an indication of another extended range?
-desc. channel through the bottom of the range but seeing momentum to the downside
-are we gonna continue the momentum or break and retrace?
-how long are we hovering around the bottom of the range? If not long and we break the low soon, higher chance pressure down is sustaining; if we range around more, more convinced we've lost momentum
EUR/USD
-trending market currently --> can be more aggressive in plays however EU does move in larger impulses than other pairs
-keen to get involved on a continuation flag
-are we impulsing down or being corrective?
-if we reverse up in a v-rejection, are we seeing a range playing out before getting involved in a continuation retracement?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.