IDEA CONFIRMATION: USD BREAK/OUT/DOWN (POST NFP) LEVELS RETESTED
Bear and bull flags on major USD pairs are still holding except for USD/JPY which has closed above down trend line. Note that none of these pairs retested the 4 hour post NFP levels until yesterday. This market is setting up for USD CPI next week and may stay in a range until then. 1.0669-1.0790 for EUR/USD
I always draw up and down trend lines as conservatively as possible (longer timeframes) and NEVER through the body of a candle. The way I was taught.
I always draw up and down trend lines as conservatively as possible (longer timeframes) and NEVER through the body of a candle. The way I was taught.
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