Trend: UP (but needs to break 1.1622 to confirm)

Momentum: up

Textbook Amazing Trader ladder pattern here as well:

(AT 4 hour chart)

Classic Amazing Trader ladder pattern:

1. 2 red lines drawn off the low = an AT directional Indicator pattern (indicating potential change in direction)

First stab below 1.40 was met with buying afrter stops were run, keeping it above a 1.3950 target.

Currently testing 1.4023, which has flipped between support and resistance but to break momentum and suggest the low in in, 1.4068 would need to be taken out.

So far unable to join in with resistance above 4100 (high 4120) thwarting the effort.

‘his leaves XAUUSD trading in the 4000-4100 range noted yesterday with 4028 needing to hold to keep a bid and thoughts away from 4000.

With the short-term downtrend broken, the focus is on whether EURUSD can establish above 1.15.

If not support starts at 1.1482 and 1.1475 with only sub-1.1435 negating a focus on 1.15.

Break of the daily trendline and what appears to be another round of BoJ intervention

If the goal is to break 160 then mission accomplished.

If the goal is to drive it even lower, then 160 needs to become resistance.

Pause below 26890 has seen a bounce that would need to regain 28000-200 to cool the downside risk but only above 28595 would negate it.

(AT daily chart)

AT textbook: Break of 7374 exposed 7300, which was tested yesterday (7292 low after stops run) but with limited follow3 through.

Bounce faces resistance at 7374, above which would cool the downside but still far away from a level that would fully negate the risk (7490).

With stops run above 1.3385 (high 1.3407), this level now becomes pivotal as it needs to become support for momentum to build on the upside.

Otherwise, upside loses some steam and makes it dependent on 1,3333 holding to keep a bid