Good morning, frnds.
So, the idea from 22apr/23apr was looking nice, but the main problem is that it was against main trend.
The trend is bearish.
Monthly support dynamic line was at 1.0825/30, now it is resistance. Seems it fails yesterday on such orders that are tactical or structural sell and it is core sell orders.
Also it was a bunch of option that expires yesterday at 1.0800/30 levels.
Today only one light option expiry in EURUSD at 1.0845 530m euro, this is not a magnet at all unfortunately.
Ideally is to wait uptick till 1.0830/40 lvl and to sell from this levels, but hard to expect something ideal when we are against the trend.
Personally I'm bearish and think it is sell and not to buy in any case already. We are at high risk of a sudden fall now.
Cheers!
So, the idea from 22apr/23apr was looking nice, but the main problem is that it was against main trend.
The trend is bearish.
Monthly support dynamic line was at 1.0825/30, now it is resistance. Seems it fails yesterday on such orders that are tactical or structural sell and it is core sell orders.
Also it was a bunch of option that expires yesterday at 1.0800/30 levels.
Today only one light option expiry in EURUSD at 1.0845 530m euro, this is not a magnet at all unfortunately.
Ideally is to wait uptick till 1.0830/40 lvl and to sell from this levels, but hard to expect something ideal when we are against the trend.
Personally I'm bearish and think it is sell and not to buy in any case already. We are at high risk of a sudden fall now.
Cheers!
