We expected lower prices ---> at least 50% of the lower shade (wick) of Wednesday's candle and we got it --> 103.450 HIT TO THE PIP [linked idea] (Highlighted by green line)
What's next? Expect the bears to get trapped in the current yellow box and have our point of interest hold (103.354)
------- We are STILL looking for 103.354 to hold. IF we break and hold below we wil look for intermediate long plays ---------
Plans remain the same and the logic does not change. PATIENCE BEFORE TRADE EXECUTION.
Stay safe and never risk more than 1-5% of your capital per trade. The analysis is merely a price action based analysis and does not constitute financial advice in any form.