I think bulls are exhousted, and the bears will get stronger next week. Shorting at this moment is not the best option, we have to wait that the price passes the red trend line and the lower low we had in the 4th corrective wawe last week.
Comments
Chartreader
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Agree but till then those who are in long position should keep their position open as bull set-up is still on.
AncientM
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Price is really in a consolidation mode, lets see the NFP!
Chartreader
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NFP is delayed and this pair is bull now though very slow.