EUR/USD retraced after falsely break the resistance level around 1.3124 thereby closed below the level.Given the condition of the market this is not an obvious bearish setup that matches our trading plan,we will love to see an obvious bearish setup within 1.3177- 1.3124 zone.So we keep our cool why hurry up and wait for an obvious bearish setup.
GBP/USD tried to move up but meet bearish pressure at near term resistance of 1.6128, thereby falls lower.There is no obvious bearish setup for us to consider yet, but we can look out for a bullish setup to trade in the intra day chart for a short time.
USD/JPY break out from the inside bar formed yesterday thereby given us a clue of a short term bearish momentum.Given the strength of this trend our bullish bias is still intact for now, but we are anticipating a short term bearish retrace to the key level where will can watch out for a bullish setup to rejoin the trend.
GBP/USD tried to move up but meet bearish pressure at near term resistance of 1.6128, thereby falls lower.There is no obvious bearish setup for us to consider yet, but we can look out for a bullish setup to trade in the intra day chart for a short time.
USD/JPY break out from the inside bar formed yesterday thereby given us a clue of a short term bearish momentum.Given the strength of this trend our bullish bias is still intact for now, but we are anticipating a short term bearish retrace to the key level where will can watch out for a bullish setup to rejoin the trend.
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