Quick H4 Outlook
- So dear friends, when I look at the chart, I see that bulls finally broke out of the falling wedge. BUT is that enough? Seems like it was not because price dropped below the breakout level: 1.0561... That is a sign of indecision OR weakness..
- In either case, I am not full convinced yet that the bear trend is reversing for a larger correction.
- I marked the crucial-zone in red and will only proceed once candles open below or above it. Currently, this is a very weak sign that this might shift to bullish. I stay out.
See you after London opening...
Peace
Focus only on what truly matters!
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