Daily Outlook for Monday
A fresh week is ahead, but I have not much to say for this one since candles are small and all looks very blurry to me...
A fresh week is ahead, but I have not much to say for this one since candles are small and all looks very blurry to me...
- First: We are still in bearish territory!
- That said, I canceled my previous wedge idea and shifted towards a mildly ascending channel,
- 1.1021 will be my balance zone (i.e. median line) for the whole week...
- Nearest support sits at 1.0975
- Nearest resistance after my balance level sits at 1.1063
- I would suggest to trade according to balance level.. Meaning: to favor buying while above and selling while below...
- Overall, I personally have not much to say... we need more data to fully understand real direction...
Anyway folks.. These are my humble thoughts... Keep enjoying your Sunday
Focus only on what truly matters!
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