Disliked{quote} I think bulls could retest my daily pivot area 1.2133.. but after that they have to be careful..Ignored
The pattern on the 15 min right before the drop is a common stop hunt/shake out/take profit level (whatever people want to call it) of all the people who were long, but I still see no true signs of a bear market until I see price close below 1.206. The only times I have been wrong is when price rejected the weekly horizontal level, but I don't see that.
The only other way I can be wrong IMO is if the ECB stepped in and re-continued shorting the market since we just reached the area where price dropped when they made their announcement back on 1/27 , so that could be another reason for this sudden drop. For now, I will just stick to my strategy and be sad that I missed the signals for me to take big profits.
1
{image}
