That leads me into what we are looking at this upcoming week! First of all my long-term bias is but for the upcoming week we might see price correcting itself. Currently we are sitting at a strong at 126.731 & 126.093 and price appears to be rejecting this level as we see some buying pressure enter the market. More than likely we will not open up the week lower than the so that would probably lead to a retracement. Our levels of retracement are the blue Kijun line and the Kumo Cloud. Unless price can violate the sitting at 132.0 then the bias remains as the market follows structure. If price eventually violates the be prepared for a fall down to the 119.29 area. With all signals on the system we should follow the strength of the market and remain with the bears. Until next time have a great trading week and God bless!
ChaosTrader63 Managing Director & Trading Coach
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