So let's be vigilant
Who thinks today's candle is going to close green and who thinks it will close red?
Please put your votes on this chart
I was expecting red...
2. I considered trading the CS setup but the momentum is so strong it will be difficult to go long now with any hope of making pips
3. Although we can expect the down move to take a while if we go into scenario 2, I only expect this to happen if there is some kind of intervention. If that happens, the correction will turn into a time instead of a price correction. So again, very little success in trading upwards.
4. Fundamentally, although I am not an expert, BREXIT doesn't look too good to go long
If Monday turns out to be a small candle, hopefully touching the ML, then that would be a very nice gift and I will be looking forward to trading it with a plan on H1
the only reason it couldnt go more down is short time interval. you cannot expect to go down from 1.14 to 1.08 in a day. of course it will take time.
watch for the boilinger band giving clues for the continuation of this sort of moves. It tested Daily and weekly meaning resume of the selling is likely