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It is often said that Tuesday is the continuation of what price did on Monday ...let's see if this is true today
noted on your reasoning (I thought you read somewhere that the FED is intervening)
not much going on in this London session so far ...perhaps NY will have some spark
what is your time horizon for short term? is it 1 hour? 4 hour? today?
Hopefully it reaches the target before NY ...coz I am not a fan of trading NY session on Friday
2 high impact news around 1.5 hours from now ...I have feeling they will use the news as an "excuse" to grab liquidity before bringing the price higher
spike on news release and then back to level before news release ...what is going on here?
kind of sideways but up move is a little bit more than down move at the moment