I anticipate one more low (shallow one) => reversal upside for corrective retracement
above the LRS BS level => around 8.30 reversal for one more leg down.
The upside retracement is not compulsory to make the new daily high, that is why it is very important to see the new daily high around 8.30 news moment.
above the LRS BS level => around 8.30 reversal for one more leg down.
The upside retracement is not compulsory to make the new daily high, that is why it is very important to see the new daily high around 8.30 news moment.
Comment:
I would like to see development to the upside without a new low
Comment:
Possible long setup framed on 1m TF
Order cancelled:
nice big drop on 8.30 news. Initial reaction.