AUD have been rally strong across the board, with Positve news impact, but will Rally end or keep moving. On AUDSGD, its meeting former Resistance Trend Line. here, we can wait for confirmation. To go Short or Long, but my biased is still on the Short Side.
EURUSD current ranging between 1.40 - 1.42 area. With Fed announcement coming up, my bias is still short and not convince of it going long unless the resistance trendline is broken and Support area is broken to enter trade. So. will it retrace or continue ascending. Only time will tell
For those long term trader, we are entering Mid- Month Trading. With the Oil Production increasing, and the rumour Euro weakening , is anyone guess. If this range in between, which i doubt with upcoming Bank Of Canada Interest Rate statement in coming days and ECB Interest rate next Week. My guess if this break thru the Resistance Wedge, i will wait for a retest,...
Please be nice, and input greatly appreciated. On Daily chart, Pin bar form on daily, and 1hour trendline being respected. Will go long and target 1.40