HELLO ALL,
Welcome and before i give you my analysis today i would like to say sorry to all of you, i had some issues with my accounts mainly my trading account and my bank account, was trying to sort out the issues and until now that it has been resolved although have been asked to communicate with the parties further on my withdrawals and deposits.
It became so hard that i couldn't even think straight, so i decided to just chill out and wait for the outcome lucky me all is settled although still have some pending matters to be solved in the course of this week.
Back to my analysis.
So Generally this week seems so much on the bearish side, we should expect some huge bearish moves or rather a downfall but as always before we conclude we need to analyze the charts further and see what what we expect immediately after we've attained a certain target.
SO as of now i expect to go a bit short to at least $1952-50 before we see a rise to at least $1971 there and then we could then see our fall to possibly $1940, as always targets are identified , traps are set and we are ready but you also need to remember that the CPI UPDATES mainly affects the $ pairs so, my advise for today just be humble and focused because you could either blow off your account or be one of the luckiest trader this week.
So for our traps we are going to look at $1968 for the pump up to $1971 this means once we break $1968 then we should look for that buy position although a few aspects must be considered before the buy entry.
As for our short we should look at $1954 this means once we break $1954 then we could head down dramatically and possibly hit the target that we expected to hit first before the rise, Generally speaking we are all bearish for this week but we could never come up with a conclusion.
If the patterns form as per my expectations then i see the possibility of going further down, but that's it for now, let us trade carefully and also do wish you all a wonderful trading day, remember no one is forced to follow what i say, this is just for educational purposes if you feel like i'm wrong please feel free to comment and share ideas.
until then CIAO!