lets look at how the daily closed in the start of the week (im writing this while asia just started tuesday today)
notes:
took out previous monthly low
but failed to close below it
showing indecision in price action
we might see the following day price pushing
higher and also note an ECB rate
decision is due this week
OVERALL I AM STILL BEARISH we might just
see a possible pullback to
previous liquidity
4h chart
notes:
if price close and starts trading above the prev day high
im expecting price to correct higher
but im not saying it is bullish. its just a correction
Overall outlook BEARISH
We could probably just see a minor correction untilll probably the ECB interest rate decision this week. I would still look for a sell set up but im not in a rush. not at this current levels.
took out previous monthly low
but failed to close below it
showing indecision in price action
we might see the following day price pushing
higher and also note an ECB rate
decision is due this week
OVERALL I AM STILL BEARISH we might just
see a possible pullback to
previous liquidity
4h chart
notes:
if price close and starts trading above the prev day high
im expecting price to correct higher
but im not saying it is bullish. its just a correction
Overall outlook BEARISH
We could probably just see a minor correction untilll probably the ECB interest rate decision this week. I would still look for a sell set up but im not in a rush. not at this current levels.
