We may derive the following from the Weekly CFR chart:
1. Price has respected our initial structure (See linked idea).
2. Currently short from the backtest and anticipating a move down to the corrective trend line.
3. Do take note of the demand zone around 110 (purple box).
4. Monitor price action and watch for further shorting potential.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
1. Price has respected our initial structure (See linked idea).
2. Currently short from the backtest and anticipating a move down to the corrective trend line.
3. Do take note of the demand zone around 110 (purple box).
4. Monitor price action and watch for further shorting potential.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
Update idea
