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Posted on May 10, 2021 at 01:51 AM
Let's do a quick analysis on the 4 key trends for this week and the prices you can get in for profitable trades that can earn you between 50-200 pips!
Possible reversal to 1.2130 before a further bullish move. Only a break below 1.2080 will return bearish power.
Pull back to 1.3960 before a further bullish run. A drop below 1.3920 signals the return of the Bears.
Heavy Bearish momentum here. We follow price for another 100 pips down after a likely pullback to 1.2185.
Huge consolidation forming between 132.05 & 131.20. Trade these levels & watch for a break above 132.20 for bullish power.
BIAS: CONSOLIDATION/ Bullish.
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