Good morning everyone on this early european morning! Let's get this week started with some economic news and charts.
The outcome of Japan election potentially to be limited. Credit Agricole via Forexlive
this week Bank of Canada rate statement and monetary policy report (Wednesday) and ECB rate + presser on Thursday. Consider these when opening positions.
Spain-Catalonia drama ongoing
Alright, i have some charts and thoughts too. First, i want to say, GBPJPY bearflag that was watching last week, didn't pan out, nevertheless, i have my eyes still on that formation. Let's see how the week progresses.
BTCUSD. Should you really buy Bitcoin here? While it's reasonable to think BTC will keep marching higher, i think if you buy BTC here, you're a tit. Again, as always, there should be better levels for a buy. Don't buy the highs, buy the retrace.
EURGBP potential bearflag on a trendline. This can turn out nice
EURUSD everyone's watching this H&S pattern but this tend to fail when they get too popular.
AUDUSD no mans land for now, but be wary of re-entry to the tringle... might get ugly
NZDUSD big big level. Currently a pinbar in the forming, is that only a retest of breakdown or reversal. Eyes on this.
Alright guys and girls, i'll be taking off now. Back later to check on you again ;)
Trade safe!
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