This mark up reminds me of why I like to stay Neutral.
I was 1st Bearish when I start analyzing this pair due to how price was playing to my levels, heading further down, but I went high up to see what's new. Price was actually heading right into a very significant HTF OB which is how it ended on last week's closing candle.
I expect it to head further down before it starts to emerge to go higher due to how massive the zone is since it's from a HTF. I located some barriers within it, but they might not hold. Once it's above the proximal (1.2286) I would pay close attention to Price Action for when to execute. There's a 250+ Pip gap between my levels, scale in & scale out. We shall see.
I was 1st Bearish when I start analyzing this pair due to how price was playing to my levels, heading further down, but I went high up to see what's new. Price was actually heading right into a very significant HTF OB which is how it ended on last week's closing candle.
I expect it to head further down before it starts to emerge to go higher due to how massive the zone is since it's from a HTF. I located some barriers within it, but they might not hold. Once it's above the proximal (1.2286) I would pay close attention to Price Action for when to execute. There's a 250+ Pip gap between my levels, scale in & scale out. We shall see.