TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.
Bulls has successfully marked higher high and higher low in the dailies. We will see UK’s GDP Data at 2pm (GMT+8). It is expected to be bearish. Any correction downwards would be an opportunity to buy.
Asian session was mostly sideways but we saw a bearish move at the start of London session. The move has formed a right shoulder. This bearish head and shoulders pattern has a neckline of 165.30. The break of it will bring us to roughly 164.00