Disliked{quote} Hi Shahab, This can absolutely work for me with subtle bearish hints from a 4hr perspective. A retrace to your projected area and who knows?. We could have a nice move to the downside. Thanks again for your valuable input. Cheers. {image}Ignored
Here's the thing for me. I stick with my system and will absolutely not deviate from it, whether I am wrong or not. From a cyclic point of view and time-based I do believe that Gu is due for a decent correction to the downside but of course not cast in stone. From the 20th to the end of the month we could see a decent retrace whether due to profit taking or whatever, it is just an observation over the years.
I would like to see Bulls go higher overall as I am in the Bull camp from a bigger picture. I just don't think it will come in a straight line.
So this is what I will be looking out for in the coming week. A retest of my round number at 1.36000 or above towards 1.36152, but most importantly my daily closes which must close below 1.3600. A solid break above and more importantly above 1.36500 will negate my short-term bearish bias.
I wish you all a great week.
Cheers.
Trade to trade another day
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