No point in doing a recap for yesterday as the moves up were all related to news, interest rates/central bank announcements.
NFP today. Add to that D over sized candles that often do not follow through immediately, lots of reasons to be careful this morning.
EUR - D engulfing close should follow through higher. If this is a change in the market the big boys will want to move the market lower to offload some of their short positions, so a D over sized candle could be followed by a one or two indecisive candles. Only time will tell if this is a true turn. Would not be surprised then to see a retrace lower. No bias.
GU - Same as EUR.
EJ - 550 pip D candle begging for a retrace. No bias.
No comments:
Post a Comment