Bears took over the remaining US Session last Friday to mark the close below 164.00 While daily trend seems progression with higher high higher low markings, price action last Friday tells us a different story.
Considering we are in bearish territory with a bearish candle, my main bias is to go short near 164.50. However, I wouldn't leave out a quick bullish trade buying around 163.65 as my immediate bias.
Considering we are in bearish territory with a bearish candle, my main bias is to go short near 164.50. However, I wouldn't leave out a quick bullish trade buying around 163.65 as my immediate bias.
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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.