Ok, so I am expecting a 200 + pip trade in the next couple of days (next week). Few reasons to go short.
1. If we look at the daily candles there were multiple shooting star candlesticks, but all of them couldn't break because the EXY was waiting for the news today.
2. The news came as expected which gave EUR some strenght, BUT as we can see on the daily chart, we got a nice rejection over 61,8% on the fibbonaci which also maches with our resistance, so after so many test ons the support, I am expecting for it to drop.
3. The AXY is getting stronger, it bounced back from the 2016 low and now I think we are on the right track.
1. If we look at the daily candles there were multiple shooting star candlesticks, but all of them couldn't break because the EXY was waiting for the news today.
2. The news came as expected which gave EUR some strenght, BUT as we can see on the daily chart, we got a nice rejection over 61,8% on the fibbonaci which also maches with our resistance, so after so many test ons the support, I am expecting for it to drop.
3. The AXY is getting stronger, it bounced back from the 2016 low and now I think we are on the right track.