12.8.2021 - Smirk Morning Forecast

12.8.2021 - Thurs Morning Forecast

AUD/USD
-trending market but signs of correctiveness; currently seeing a mini asc.
-are we seeing a good impulse to the downside?
-if we do see an impulse up, are we out of the range? V rejections respond well on AU so if we are, we can get inolved on retracements.

EUR/JPY
-very rangey and corrective market; mostly staying out
-is there a CLEAR and BIG impulse out of a range?

EUR/USD
-trending market albeit signs of correctiveness; currently seeing a mini asc.
-if we impulse up, are we out of a range? More reluctant to get involved on v retracements as they indicate a range; avoiding this scenario

Commentaire:

AUD/USD
*if seeing a v rejejction impulse up, need to see that we are out of a range and then we desc. to the retracement line; if we get there with any signs of momentum then not getting involved