Technical
- Bullish Cypher has formed. Its parameters are 78.6,61.8,178.6,70.7/78.6 respectively.
- Looks like a head and shoulder will be formed in the future
- MACD and RSI shows indication of no supply
- The big green candles do tell me there's high demand.
- Beware of Parabolic whipsaw
- Use S1 for entry if you missed the 70.7 Fibonacci level
Fundamentals
- At 2.00 am GMT daylight, MI inflation expectations are announced. It has a medium effect on the market.
- However, the HSBC flas manufacturing PMI for CNY will have a high impact on the pair which is scheduled 45 min after.
- I will expect some sort of panic during the news release. The lower prices will probably be tested.
- US data too, watch out for manipulation.
Good Luck and Happy Trading :)
- Bullish Cypher has formed. Its parameters are 78.6,61.8,178.6,70.7/78.6 respectively.
- Looks like a head and shoulder will be formed in the future
- MACD and RSI shows indication of no supply
- The big green candles do tell me there's high demand.
- Beware of Parabolic whipsaw
- Use S1 for entry if you missed the 70.7 Fibonacci level
Fundamentals
- At 2.00 am GMT daylight, MI inflation expectations are announced. It has a medium effect on the market.
- However, the HSBC flas manufacturing PMI for CNY will have a high impact on the pair which is scheduled 45 min after.
- I will expect some sort of panic during the news release. The lower prices will probably be tested.
- US data too, watch out for manipulation.
Good Luck and Happy Trading :)