Tuesday Morning Forecast - 17.8.2021
AUD/USD
-wider range and a mini rage
-did form a small desc. channel
-are we seeing an impulse to the upside? If yes, that is a confirmation of a previous V rejection.
-are we breaking and retracing to hte upsdie? If yes, that is indicating a range around a liquidity area
-are we impulsing down? If so, are we out of the range enough to get involved in a continuation flag? Being close to liquidiyt area means no retracement entries on a continuation trend since no real trend has been established
EUR/JPY
-trending market; can be involved in aggressive plays
-are we impulsing down or being corrective?
-if we reverse, is it impulsive enough to get involved in both a retracement or continuation flag entries?
EUR/USD
-wider range but still clean PA and recently trending
-are we breaking the high impulsively? If so, retracement and continuation entries are possible
AUD/USD
-wider range and a mini rage
-did form a small desc. channel
-are we seeing an impulse to the upside? If yes, that is a confirmation of a previous V rejection.
-are we breaking and retracing to hte upsdie? If yes, that is indicating a range around a liquidity area
-are we impulsing down? If so, are we out of the range enough to get involved in a continuation flag? Being close to liquidiyt area means no retracement entries on a continuation trend since no real trend has been established
EUR/JPY
-trending market; can be involved in aggressive plays
-are we impulsing down or being corrective?
-if we reverse, is it impulsive enough to get involved in both a retracement or continuation flag entries?
EUR/USD
-wider range but still clean PA and recently trending
-are we breaking the high impulsively? If so, retracement and continuation entries are possible