News/data => liquidity, volume. Bad data => retailers like selling (this case buying eur/usd) when bad data shows up. A) Forming lower TF bottom B) Spikes showing bear weakness C) Previous bottom as anchor point for setting SL => ideal for placing longs for retailers. Waiting for the dump. Time will tell. {image}
In my humble opinion a lot of people are waiting (and longing) for a retest of higher levels which feeds liquidity for more downward pressure. The retail sentiment has to change before any change in direction. Also dollar index is aiming over 13000 based on my system. Time will tell. {image}{image}{image}
Retailer sentiment will shift to bearish under yearly low: {image} Thats where smart money start to buy the retailers shorts.
In my humble opinion a lot of people are waiting (and longing) for a retest of higher levels which feeds liquidity for more downward pressure. The retail sentiment has to change before any change in direction. Also dollar index is aiming over 13000 based on my system. Time will tell. {image}{image}{image}
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The last 12h was a bull candle. And only the second 12H bull candle of the week! Sounds like it doesn't mean anything, but it does0620s would be the high of it. Beware Bear of that oh soooo precious level being attacked anytime in the next 8 hours
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Bears continue their rampageNo < 0550, no tacos (no adding longs)! See last determinant swing-worthy higher low shadows => 6th of January) No 0800, no tacos ! See determinant down move 3rd of February, size of Papa Bear, low of which was only tested once, 7 days later, where resisted with 110%
