As we can see on Us30 we are still inside the previous months candle and are looking to break out. Last week the candle was also inside the previous week candle which could indicate the markets are ready for a big move. I would like to see price push higher taking last weeks high, but price are reacted bullish on the 39028.55 level so I will be looking out for signs of coninued bullish behaviour.
Ger40 is another highly correlated pair and it has been quite choppy and bearish since the middle of May, the bearish volume is pretty weak so I will expect it to go up along with good data pretty soon. I can see on the 4H price has close above June 03 highs which could indicated a change of structure if price is not able to reach previous weeks lows.
Ger40 is another highly correlated pair and it has been quite choppy and bearish since the middle of May, the bearish volume is pretty weak so I will expect it to go up along with good data pretty soon. I can see on the 4H price has close above June 03 highs which could indicated a change of structure if price is not able to reach previous weeks lows.
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