We are in the nice Bullish engulfing weekly candle. It may likely to go further up and retest around 1.25 to 1.26 region.
It is where the bear may fight back.
So, in the nutshell, do not be overly bearish. Weekly PA is not showing concrete sign of bearishness just yet.
I will like to seek more confirmation from the momentum point of view.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
It is where the bear may fight back.
So, in the nutshell, do not be overly bearish. Weekly PA is not showing concrete sign of bearishness just yet.
I will like to seek more confirmation from the momentum point of view.
Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation.
Sonicr Mastery dot com is not responsible for any liabilities arising on the result of your market involvement or individual trade activities.
Comment:
A nice +310 swing EU.
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