Here we go traders. to good health and sharp minds!
Opinion is still bearish i will explain why below.
200 weekly EMA 1.138- 50 monthly EMA 1.141 so bulls have a strong point to rally or even reset the channel for the coming week/month to equalize this down pressure!
you can see clear channels in h4 chart with breakouts to either be spikes or have the option to tighten even more for a week. looking to inspect bear pressure strength before final judgement will they ease up?
even with a strong rally looking clear it still is looking like a bullish setup for the U.S. while Euro zone is going to manage critical state as they all think about winter (being that i'm american i know we are sacrificing workers to do this so fall might show some excitement to say the least). that being said the current strength is why even with bulls i am still overall bearish.
any break into 1.1525 and ill start pulling back on bear sentiments. Until then rally scalps and bearish traps continue.
Trade YOUR plan any feedback from my Bull brothers and sisters on points of bearish tension while you look to rally let me know in thread or privately!
Happy pip hunting into this week!
Opinion is still bearish i will explain why below.
200 weekly EMA 1.138- 50 monthly EMA 1.141 so bulls have a strong point to rally or even reset the channel for the coming week/month to equalize this down pressure!
you can see clear channels in h4 chart with breakouts to either be spikes or have the option to tighten even more for a week. looking to inspect bear pressure strength before final judgement will they ease up?
even with a strong rally looking clear it still is looking like a bullish setup for the U.S. while Euro zone is going to manage critical state as they all think about winter (being that i'm american i know we are sacrificing workers to do this so fall might show some excitement to say the least). that being said the current strength is why even with bulls i am still overall bearish.
any break into 1.1525 and ill start pulling back on bear sentiments. Until then rally scalps and bearish traps continue.
Trade YOUR plan any feedback from my Bull brothers and sisters on points of bearish tension while you look to rally let me know in thread or privately!
Happy pip hunting into this week!