The market is mixed and confused and waiting for news.
The clearest trend has been the continued decline of AUDUSD which printed another engulfing short 4 hour bar very early this morning.
If you were in yesterday's AUDUSD MTFM short trade you could be up about 150 pips by now.
A 4 hour bullish engulfing bar just printed on EURUSD, there was an inside bar on the 15 minute chart with a long break but it failed. There is also a long 4 hour set-up on EURJPY but that would have to break a very strong resistance level of 127.50.
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