The weekly candle closed bullish; nullifying potential sell from last week but one. We here head to another week with the weekly trend printing bullish. If we zoom in to the daily candle, the general trend is still bullish. We however have Friday's candle print bearish and here is my approach;
Friday candle could be a liquidity candle. At this point we wait to see how Monday's candle will print. If a bullish candle print on Monday we could place a buy stop above the last bullish candle as shown in the chart the ride it to the next resistance level at 1.05800s
Friday candle could be a liquidity candle. At this point we wait to see how Monday's candle will print. If a bullish candle print on Monday we could place a buy stop above the last bullish candle as shown in the chart the ride it to the next resistance level at 1.05800s