I anticipate a push up today on this market. As you can see from the chart, the market has been ranging for someday; however last week NFP gave an impact and led to a break out up north. This indicated that the bulls are strong and they are ready to take over the market.
For the late Bulls, they will be waiting for the market to formulate a nice support before going in again. Also not to forget that today there is a news event which could weaken the dollar.
Technically, the two ema have crossed each other indicating the bullish sentiment. That's enough to give us confidence.
I have put a suggested entries which you are advice to take when the market reach those specific levels.
They have been illustrated by the color codes
Blue line - entry level
green line - take profit
red line - stop loss
For the late Bulls, they will be waiting for the market to formulate a nice support before going in again. Also not to forget that today there is a news event which could weaken the dollar.
Technically, the two ema have crossed each other indicating the bullish sentiment. That's enough to give us confidence.
I have put a suggested entries which you are advice to take when the market reach those specific levels.
They have been illustrated by the color codes
Blue line - entry level
green line - take profit
red line - stop loss