Looking bearish, however big wicks to the upside.
On the Daily its still within fib retracement levels - daily trend not confirmed
Looking for a breakout as if we can get confirmation then itll likely be a decent trade
- need: Change in Market structure,
Break in down trend,
Break above resistance at 1.18, possibly hold or re-test depending on how it looks. Good volume good close = on the close, looking shabby = need something nice on the re-test
Disclaimer - I dont trade to predict which way the market will move, I trade to identify profitable setups.
On the Daily its still within fib retracement levels - daily trend not confirmed
Looking for a breakout as if we can get confirmation then itll likely be a decent trade
- need: Change in Market structure,
Break in down trend,
Break above resistance at 1.18, possibly hold or re-test depending on how it looks. Good volume good close = on the close, looking shabby = need something nice on the re-test
Disclaimer - I dont trade to predict which way the market will move, I trade to identify profitable setups.