London Close Volume. Fakeout for Bulls or Continuation for Bears
Anticpating that we may fakeout on the 1hr Timeframe and dip back below 1.062. We may, consequently, drop to 1.06 where i will look to TP. We may keep dropping or continue to test
these Pullback areas on the 4hr/1Hr Timeframes. It would be good for bears if the 4hr candle closes below 1.062. Bulls need close above there. Consumer sentiment missed by a decent margin. Causing concern. Investors may continue to pile inot this already crowded trade. We'll see what happens. Speach and manufactuaring data upcoming this week
these Pullback areas on the 4hr/1Hr Timeframes. It would be good for bears if the 4hr candle closes below 1.062. Bulls need close above there. Consumer sentiment missed by a decent margin. Causing concern. Investors may continue to pile inot this already crowded trade. We'll see what happens. Speach and manufactuaring data upcoming this week
Trade active:
Trade closed: target reached:
Comment:
We may continue to drop here. Back to 1.055 in next 1-2 sessions. Or we may continue to see a battle between buyers and sells around our pullback area at 1.06 and 1.062 . Maunufacturing data during next ny session.
