As the weekly results prove my trading has been below par latley. Sometimes things don't click resulting in losing streaks.
Tonight I feel we are sitting on the fence at this point with 129.10-20 the closest support and 130.10-20 the closest resistance. Based on my analysis the most likely move will be up testing the 130.00 region. I would feel safer placing a pending order around 129.95 than to sell around here. A 129.95 sell order with TP 129.20 and SL 130.50 is my preferred strategy
The 4 hour chart is showing a trend line around 129.90 with the RSI close to overbought and the 100EMA broken. The hourly charts are looking constructive but the inability to hold above 129,80 is not encouraging.
The shorter timeframes are pretty much ranging after the pop through 129.50. The price jumped 150 pips and dropped 70. Now it's stuck between 129.70- 129.40
NO TRADE EXECUTED
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