I was looking for a move lower yesterday but only on a pullback; but we can see that price was held by the strong resistance at 1.0750 and then just come down. But it also hit the 1.0714 level below and is supported and it pulled back to the mid point. What's next?
Price is at 50 Fib and seemed to be rejected by the PZ. IMO, we will see 1.0714 revisit and that would be the main level of focus today. Again, I will save myself by giving a view in either directions. But I am leaning towards the move lower. If it goes up to 1.0750 first, especially without hitting 1.0714 first, it will be a short for me.
Price is at 50 Fib and seemed to be rejected by the PZ. IMO, we will see 1.0714 revisit and that would be the main level of focus today. Again, I will save myself by giving a view in either directions. But I am leaning towards the move lower. If it goes up to 1.0750 first, especially without hitting 1.0714 first, it will be a short for me.
Join me for free on Patreon (www.patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan.
DM me to join my new group to learn all my trading levels and to trade together.
DM me to join my new group to learn all my trading levels and to trade together.