On 4h chart we can see that price retraced to 50% Fibonacci level and made nice 4h Pin bar.


Price also rejected MPP at 1.1257. There was also upper Bollinger band break out, which suggest that price could move down from here. So we have enough confluence to short that pair. TP could be at 1.1110, for more aggressive, they could wait for the break of 1.1105 low and then another fall till 1.1000.
In US there is Final GDP q/q news tomorrow.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.