Producer Prices and Producer Prices Change have a bullish trend. Some good news to stoke some profit taking at key reversal levels… Worth paying attention to…
No reversals yet so not setup on this pair though we are getting to profit taking zones
Price is at the weekly target - confluence of WS2 and MM2... If you are Bull you have to be paying attention to this
Price has already come down after ECB - so a lower high and down... Keeping an eye on fib zones, moving averages and key pivot points...
So much of resistance - psych level, WR3 and previous support
Double bottom, higher high, 123 pattern, up at role reversal of double bottom... Could also be a fib - didn't draw it in though you know the ropes...
About The Forex Analyst
"When there is a gap you either commit yourself as a professional racing driver that is designed to win races or you come second, you come third or you come fifth. And I am not designed to come third, forth or fifth. I race to win. And if you no longer go for a gap that exists, you are no longer a racing driver." Aryton Senna