EUR/USD formed a fakey setup/pinbar today, after flirting with lower price in the earlier session.The fakey setup has confluence as it was formed within the slope of the EMAS and also at the horizontal support around 1.3296.Our bias has sifted to bullish in the near term as we shall be looking forward to a 50% retracement of the fakey setup.
GBP/USD rotated lower today from the bearish pinbar formed yesterday and ended the day above the near term support zone at 1.5574 area.We will love to see a rotation to 1.5439 area where we can look out for a bullish setup to join the near term momentum.
EUR/JPY moved up aggressively today after forming a bearish pinbar yesterday.We traded the bearish pinbar that failed to work out.Our bias has now changed as we look forward to the retest of 132.69 key resistance zone
GBP/USD rotated lower today from the bearish pinbar formed yesterday and ended the day above the near term support zone at 1.5574 area.We will love to see a rotation to 1.5439 area where we can look out for a bullish setup to join the near term momentum.
EUR/JPY moved up aggressively today after forming a bearish pinbar yesterday.We traded the bearish pinbar that failed to work out.Our bias has now changed as we look forward to the retest of 132.69 key resistance zone
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