Seems the run up to the poor GBP data (it didn't seem too bad to me, but then who'm I to say) on Construction PMI (if the market believed it was bad, we would definitely had a stronger reversal) gave this long LONG a significant pause. The difference between yesterday's pause and today's pause is the tighter grouping of the candle signals - at least what it seems to me.
Two choices:
1) HOLD LONG on the continued march to a REVISED LONG target of 174.5+ (Danske moved their target up into the what seems to be a channel)
2) Or TAKE PROFIT and SHORT into the CONSOLIDATING TRIANGLE
I am going to HOLD LONG and wait until a more significant ENGULFING CANDLE appears or wait until some neck threshold or a double top forms on the 15M or 1H. Probably will confirm a double top with the MACD and RSI.
HOLDING PATTERN LONG: more volatility around
1) GBP Services PMI comes out PST tonight.
2) USD unemployment tomorrow morning early PST
3) USD NFP Friday
Two choices:
1) HOLD LONG on the continued march to a REVISED LONG target of 174.5+ (Danske moved their target up into the what seems to be a channel)
2) Or TAKE PROFIT and SHORT into the CONSOLIDATING TRIANGLE
I am going to HOLD LONG and wait until a more significant ENGULFING CANDLE appears or wait until some neck threshold or a double top forms on the 15M or 1H. Probably will confirm a double top with the MACD and RSI.
HOLDING PATTERN LONG: more volatility around
1) GBP Services PMI comes out PST tonight.
2) USD unemployment tomorrow morning early PST
3) USD NFP Friday
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.