Bearish
Funadamental Background : CPI helped price to pullback and breathe
and now we have returned to the lows.
Momentum: Bear Candle from Last week with solid body
Technicals
1) Large Top wick rejection
on weekly candle after printing
Bear Candle last week
2) Was anticipating Bears to show up this
week AFTER a potential pullback ..
Which we did get a pullback to 1.07900
3) Price just pierced last week's
low , Monday's Low, and Wednesday's
Low
4) Price respected 1.07100 as anticipated
across the duration of current daily candle
5) Range to fill to downside down to 1.5500
Funadamental Background : CPI helped price to pullback and breathe
and now we have returned to the lows.
Momentum: Bear Candle from Last week with solid body
Technicals
1) Large Top wick rejection
on weekly candle after printing
Bear Candle last week
2) Was anticipating Bears to show up this
week AFTER a potential pullback ..
Which we did get a pullback to 1.07900
3) Price just pierced last week's
low , Monday's Low, and Wednesday's
Low
4) Price respected 1.07100 as anticipated
across the duration of current daily candle
5) Range to fill to downside down to 1.5500
Trade closed: stop reached
Comment:
Comment:
Could fill the previous daily low as we are in momentum Bearish
1.06545
1.06545
Comment:
Comment:
Comment:
Trade closed: target reached
. Likely holding through until asian session, but only if we make it there of course