Price is hitting important resistance in the 50% fib of recent
downleg, Weekly pivot point, HMA200, And H4 Kijun Sen.
This level was is attractive for shorting, if price starts showing
weakness. If broken with a strong candle to the upside,
warns of shifting sentiments. The SSI (FXCM) has become
almost neutral (1,0755 Net Long).
Note, a daily close above weekly pivot point (1,0675) may
expose the Weekly R1 at 1,0731. But general idea here
is to add to shorts.
downleg, Weekly pivot point, HMA200, And H4 Kijun Sen.
This level was is attractive for shorting, if price starts showing
weakness. If broken with a strong candle to the upside,
warns of shifting sentiments. The SSI (FXCM) has become
almost neutral (1,0755 Net Long).
Note, a daily close above weekly pivot point (1,0675) may
expose the Weekly R1 at 1,0731. But general idea here
is to add to shorts.
