In weekly chart, I have spooted the inverted DCB and the gap is filled. What does it mean?
Any gap that filled resist the flow gap is reversal. The down gap is filled and the price pushed upward. The gap forced to bearish but the bull trader wont allowed. This is due to the fundamental major economic trend.
PMI - bullish
Non PMI- bullish
ADP NFP- bullish
NFP- bullish
Unemployment rate - bearish (can be neglect)
Trump- economic statement is good
As you can see on my chart, the price has found the support. Although the price was bearish last week friday of 7th February 2020, the price has close with the bull trap inside the price. The momentum to push the price higher is enormous plus with the economic release affected the market. The dollar will resume rising despite the coronavirus has been in the background.
As per my analysis and my thesis, the price will go above the 110 or worst case scenario the price will touch the 111 value price.
I believe as per my trading to LONG the ninja for the week of 10th February 2020-14th February 2020
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