After Tuesday's bullish move, I was more bullish for further upside. Nonetheless there is the strong level I mentioned in which we can get a pullback and I said it could provide a rejection to target the BZ at 1.0785 or so and we watch the reaction from there.
We did not hit the strong level for the short, but it hit the top of BZ, form a reversal candle and moved up over 35 pips to close near the highs but to the strong level but price is finding resistance of it again.
Have I turned bearish? No; but I would want to buy it from lower. I would look at 1.0777 and 1.0797 as the turning points for the long to target 1.0867 and 1.0885.
We did not hit the strong level for the short, but it hit the top of BZ, form a reversal candle and moved up over 35 pips to close near the highs but to the strong level but price is finding resistance of it again.
Have I turned bearish? No; but I would want to buy it from lower. I would look at 1.0777 and 1.0797 as the turning points for the long to target 1.0867 and 1.0885.
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