As seen on the final day of last week, there is a high volume but the candle spread is short. Therefore I feel that a correction to be expected. However, the structure is still very bullish, and will not be surprised to see it go up again after correction. Therefore I am slightly bearish on a lower timeframe.
Price is now though at a bearish trench. So we will have to observe first. Take note of FOMC news this week.
I will most likely sit out and observe this pair. It is too late to long, and too early to short.
Price is now though at a bearish trench. So we will have to observe first. Take note of FOMC news this week.
I will most likely sit out and observe this pair. It is too late to long, and too early to short.
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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.