Overview
-Price pushed through the highs, while holding higher lows.
-Price has halted at Weekly Resistance.
-Delta Divergence has occurred at Resistance.
-Double Distribution day on Volume Profile
-CFTC COT for EUR is equal based on last week's report.
Bull View
-The volume is still looking consistent on each of these moves up.
-Multi-Day Value Area (VA) support below price.
-1D/4H Trends are still bullish.
Bear View
-Swept the Daily highs.
-Price is pretty extended, but the market on a whole has been irrational and had these extended moves all year. Multiple times i have thought a correction should happen on a pair, and it just continued trend.
Conclusion
-No longs until we flip Weekly to support.
-No shorts until we lose the Monthly Open.
-Alot of reasons to maintain a bullish mindset here.
https://twitter.com/ZeusChainlink/status/1267789669326114821?s=20
-Price pushed through the highs, while holding higher lows.
-Price has halted at Weekly Resistance.
-Delta Divergence has occurred at Resistance.
-Double Distribution day on Volume Profile
-CFTC COT for EUR is equal based on last week's report.
Bull View
-The volume is still looking consistent on each of these moves up.
-Multi-Day Value Area (VA) support below price.
-1D/4H Trends are still bullish.
Bear View
-Swept the Daily highs.
-Price is pretty extended, but the market on a whole has been irrational and had these extended moves all year. Multiple times i have thought a correction should happen on a pair, and it just continued trend.
Conclusion
-No longs until we flip Weekly to support.
-No shorts until we lose the Monthly Open.
-Alot of reasons to maintain a bullish mindset here.
https://twitter.com/ZeusChainlink/status/1267789669326114821?s=20