There is degrees of bearish. To me being below 1.07 is bearish. That's 100 pips north. That dont help the guy looking for 10 pips. You cant short with a 10 pip tp with a s/l 100 pips away. 1.0637/46 may have that better r/r. I think pa has a chance to get there. Just because most days do. Yesterday it didnt make 1.0670. That was using the same logic. In a strong trend often those retraces skip. 1.0646 may be of some R value.
1.0610 may be on some charts. PA can pass through it until it stops it. Closing Friday below 1.0610 could make it a decent R later. Closing above gives it S value. Closing today below 1.0610 should increase bears power. Friday more power.
Next week, with a close below 1.0610 this week. That may limit the upside not much past 1.0612/slip.. Dont get trapped.
1.0610 may be on some charts. PA can pass through it until it stops it. Closing Friday below 1.0610 could make it a decent R later. Closing above gives it S value. Closing today below 1.0610 should increase bears power. Friday more power.
Next week, with a close below 1.0610 this week. That may limit the upside not much past 1.0612/slip.. Dont get trapped.
those who can, do. those who cant, talk about those who can