{quote} Yes bears are not strong (yet).. Bears can't be stronger than bulls while above 1.1197.. To get their power back they have to push price lower to achieve a "Daily Close" below this level and that's what I am actually waiting for.. No rush though.. we are going to see some choppy and supportive priceaction for the next couple of days I guess.. *Monthly, Weekly, Daily, H4 and H1 candles are all below GREEN line respectively: bears have the upper hand atm.. Stay Green
{quote} Exactly, while structure favors the bears, the price action is sluggish.
The last days the price was actively raised up from the accumulation zone in order to close the longs/add shorts at the Highs. I see this by the volume on the Highs. The mentioned zone of order accumulation is rather large, but still a large unclosed zone is located at the bottom, in the area of 1203-1183 (+/-). And if the volume went at the level of 1235.45 and 57, then this zone is an area of good liquidity for big shorts from these levels. If all this finds additional confirmation, then for me it means that the market is still bearish... Although I still hold yesterday's short position from 1257, only going down through the 1227 level (+/-) on the H1 for me would mean going to sell to the level of 1187. And now just a small scalp 1/2 Sell 1242, SL 5p, TP ...
Once the 1262 gets taken, there might be an epic surge! Ascending Triangle: {image}
I do not see anything bullish on this daily chart. Candle stick analysis: bearish. Put 30 EMA on this chart and it's still bearish. I can't help but feel like it's only a matter of time before the break down below 1.12 happens. This is my fallible opinion. I booked profit for my shorts due to the bouncing and delay. Let's see if it falls from here or bounces up again. {image}
It is so naked that it requires PG+18..
