As price consolidates ahead of Employment Data this week, we can see that over the last few sessions, price has been hovering around the 7.000 area; an important level in the AUX Market. If the bearish forces remain dominant and price fails to break the previous Lower High; we could see a good set up for shorts over the next few trading days. However, if price remains is consolidation or breaks above the previous LH; this could indicate a shift in momentum to the upside; in that case, a fresh analysis would be required.
Patience is a Position
Patience is a Position