Monthly candle analysis suggests that this market may move lower this month. This is due to how price behaved around the 5 EMA in July as well as economic uncertainty keeping GBP weak.
This pair is now on my watch list for the month of August. I'll be watching the daily time frame for short signals. Once I get a signal on the daily, I'll move down to the 15 minute chart and try and catch the high of the day during London.
My goal is to "scalp" this month's potential movement, booking pips on the way down.
This pair is now on my watch list for the month of August. I'll be watching the daily time frame for short signals. Once I get a signal on the daily, I'll move down to the 15 minute chart and try and catch the high of the day during London.
My goal is to "scalp" this month's potential movement, booking pips on the way down.
