EJ Short Trade Update:
This Friday trade is now at BE area. My outlook is that if the asian traders have begun the drive down now, then the euro or US traders will, after possibly re-pumping it, continue the drive down.
On the chart, only for illustrative purposes, I have included the most recent Wave and EP. But it is before Approved Hours. Nevertheless, it is an example.
There is nice trading activity on this asian session move down. Still, the eruo/US traders might pump it before putting on their selloff.
WARNING: Speculation!
This Friday trade is now at BE area. My outlook is that if the asian traders have begun the drive down now, then the euro or US traders will, after possibly re-pumping it, continue the drive down.
On the chart, only for illustrative purposes, I have included the most recent Wave and EP. But it is before Approved Hours. Nevertheless, it is an example.
There is nice trading activity on this asian session move down. Still, the eruo/US traders might pump it before putting on their selloff.
WARNING: Speculation!