50% of 4HR and 1HR OrderBlock highlighted, would be targeting the week high, fully expecting a weaker dollar following NFP news.
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I would like to be looking for a long in the zone highlighted, highs taken would be looking for a retracement and continuation with strong manufacturing PMI produced strength in GBP. Im expecting a weaker dollar from NFP decision tomorrow
Simple technical analysis, with a flag formation on the 4HR chart with a simple breakout and retest i will be looking to enter next week.
On the weekly chart there is a void to fill.
If we get a solid break of 100, there is downside room to stops shown
HOC has increased by 9% today, approaching weekly resistance would like a retest of the trendline before continuation of up trend.
HOC usually follows the movement of gold and silver and i have a short term bearish view which enhances my short term view bearish view with HOC
If a strong break of 255.71 occur, a continuation to 323.95 will be watched
