9th August 2017 Wednesday
Make it a disciplined habit to analyse chart every end of month and every end of week.
Analysing for end of July
Candlestick chart – a continuation of bearish
Support 109.816/108.6
EMA 3 and 9 already crossed
Alr in lower Bollinger band
Still in a triangle consolidation mode
CCI is declining
MACD in bearish mode
Weekly
Boxed trading pattern
Resistance = 113.87/114.4
Support = 109.6/108.5
SHORT – WAIT FOR ENTRY TIME
Look @ weekly…
If 10th and 11th Aug Job and CPI are good, it could go up
And then Tues/Wed it would decline and thus enter
Economic Calendar
10th Aug Thursday = US Job
11th Aug Friday = US CPI
17th Aug Thursday = US Job
25th Aug Tuesday = JAP CPI
30th Aug SATURDAY = US ADP
Make it a disciplined habit to analyse chart every end of month and every end of week.
Analysing for end of July
Candlestick chart – a continuation of bearish
Support 109.816/108.6
EMA 3 and 9 already crossed
Alr in lower Bollinger band
Still in a triangle consolidation mode
CCI is declining
MACD in bearish mode
Weekly
Boxed trading pattern
Resistance = 113.87/114.4
Support = 109.6/108.5
SHORT – WAIT FOR ENTRY TIME
Look @ weekly…
If 10th and 11th Aug Job and CPI are good, it could go up
And then Tues/Wed it would decline and thus enter
Economic Calendar
10th Aug Thursday = US Job
11th Aug Friday = US CPI
17th Aug Thursday = US Job
25th Aug Tuesday = JAP CPI
30th Aug SATURDAY = US ADP