My take on todays's intra day session and possibly heading into the new week is generally looking for the continuation of the long extentsion to the upside above 1.07861 which would support the weekly, daily and 4 hour tf narrative that we're about to head into an inefficient market cycle supporting the strong buy narrative, however we do need to see a retracement back to 1.07327 to take liquidity before making its way bacck up to the premium zones.
In the event that we break below yesterdays low @ 1.07253 we will more than likely see a continuation to the downside to test key levels at 1.06995, 1.06559 and possibly 1.06116.
My money's on longs for the coming week(s) and will enjoy watching this one play out.
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I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.