My Quick H4 Opinions for Monday
- I know, many of you are tired from this choppy price action and of course now you are expecting (almost brain forcing) a quick break above main resistance so that we finally can complete wave C.. I hear you!
- That said, I am not that sure that market will hand you this dream just so easily! I have my suspicions!
- To me, the current wave B doesn't feel deep enough! Most stops of early bulls are most likely waiting below 1.0070 and have not been touched yet! If banks just give up on those and push price higher, then so be it, I wouldn't mind at all and happily jump on the "C" train wagon...
- But NOPE! I think robber banks will eventually create a new dump down to 1.0070 area before pumping up! Maybe it is just me, but this is the gut feeling I have, so I will be looking for sell opportunities as long as H1 candles open below main resistance on chart (1.0255 area)... and if this goes really below 1.0070, I would be one of the most aggressive buyers this thread has ever seen..
I hope it helps
Be a seer, not a looker!