Usd chef stayed within the bullish range that it created on thursday afternoon, Following on with this we saw a heavy bearish move at market close on Friday which is to be expected after a bullish day within the range that we are currently situated we are now looking for a run of the liquid lows and a tap into the point of interest that sits at the lower end of this range if price is going to shift bullish on our usd secretary pairs we will expect this of course to shift bearish which means this range will fail of course until we see this it is nothing more than a theoretical scenario so we will keep this in line with what we have structurally which is a bullish overall direction currently.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
