Daily candle is not finished yet, still have 8 more hours till the end of the financial day, but as it looks now, it is printing fakey setup.


Two days ago, there was a mother bar, then an inside bar and today fakey = false break bar. This fakey bar is from marked resistance level 1.5446, which could give some weight on short trade, even though I would like to see also trend line rejection a bit more up from here. Let’s see and wait how today’s candle will close, if we will get black color on it, it will be even better confirmation to short this pair tomorrow.
Tomorrow there is no UK major red news, in US we have PPI m/m.

Leave a Reply

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