X marks the Spot.
For a Bullish Price Action, I expected price to close above 1.53650 to show bullish continuation. We had a failed breakout. I am now bearish.
For a Bearish Price Action, I flipped my bias to Bearish after last week's close showed price tapping into liquidity at 1.55843 (previous High) and then closing back below. I expect lower prices in the coming weeks and will be looking to SELL rallies. 1st Target at 1.44550.
2nd Target at 1.37850.
For a Bullish Price Action, I expected price to close above 1.53650 to show bullish continuation. We had a failed breakout. I am now bearish.
For a Bearish Price Action, I flipped my bias to Bearish after last week's close showed price tapping into liquidity at 1.55843 (previous High) and then closing back below. I expect lower prices in the coming weeks and will be looking to SELL rallies. 1st Target at 1.44550.
2nd Target at 1.37850.
Trade active:
Bearish Target still in play.