Fridays price action suggest that bearish momentum weakening. In coming week I am expecting some consolidation before reversal continuation of a trend. On chart there is two red lines where I am expecting to have consolidation ranges and where stop zones gonna build over the week. Still will take shorts from higher levels like 1.14500 - 1.14600 if I get spikes in to that zone with protective stop above 1.14800 level. On stop hit I will have confirmation that 1h trend not bearish anymore and expecting big move up. Some counter trend scalps as well possible if price gives good levels for entry.
Comment
⋅
Almost week end and looks like we end weekly like doji indecision candle but like I said at beginning of the week its consolidation now we have clear points where trend becomes bullish or where it get power to downside for higher targets. Still short the way to go with stops at 1.14800.