The beginning of next week is a real challenge to forecast since there are 2 scenarios which could take place. From my perspective, both are bearish scenarios Please be careful trading until things clear up Good luck
Still going down unless we break 1.1225 Good luck
We will take a small long for now but expect ranging action until we see a breakout
Don't just trade it, ENJOY IT Please like, Please follow
Please read my on-chart instructions carefully
I think we should catch the next move up *** DO NOT TRADE THE RETRACEMENT UNLESS YOU ARE A VERY EXPERIENCED TRADER ***
Enter only after you get a signal at the KS ...
Be careful of the high volatility during FOMC Happy hunting
Patience is the most valuable virtue of a successful trader ... Most people lose their money in the environment we are now in So please be patient
1. I expect price to reverse up only after reaching the weekly PP which is @1.1062 2. If you see a buy signal before that ... do more analysis before entering long 3. Once we reach that level, then every signal is really important 4. It looks like this is a time correction (usually they take very long and create multiple false signals) so please be patient
I recommend you stay out for the retracement up and then enter on the first signal down Good luck
Check the chart for details
1. Trend is up and the reversal point is the BO Sell 2. The momentum is very weak as shown by the separation between the Tenkan Sen and the Kijun Sen 3. Look for a buy position within the Kumo targeting 1.12834 4. If price breaks below 1.10695 sell to 1.09606