I was happy to see price deliver to rebalance the noted weekly BISI. Almost to the noted range I was hoping for 1.27445 and came short to 1.27319.
With all the old buy side liquidity taken fro the market it is reasonable suspect a market retracement or a continued trend of delivering to higher prices?
I suspect a weekly target for price to deliver to would be 1.28002 range. I do also consider that we could during the week see price come down to 1.26120 bottom of a IFVG.
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