On the 4 hour chart, we see the market ranging between the low 115s and the 114s, So I established a trendline support and resistance, and will be shorting this pair now.
Markets just opened with a gap up on this pair, I've seen this familiar setup, where market opens to retest the resistance from last week, and then continues down, to close the gap.
Keep in mind that 99% of the time, the gap is closed sooner or later, and in this case it is likely sooner.
Tokyo opening soon, that should be interesting to watch.
Markets just opened with a gap up on this pair, I've seen this familiar setup, where market opens to retest the resistance from last week, and then continues down, to close the gap.
Keep in mind that 99% of the time, the gap is closed sooner or later, and in this case it is likely sooner.
Tokyo opening soon, that should be interesting to watch.