Quick H1 Outlook
- To keep it simple: D1 is currently corrective, but H1 candles are still struggling to find direction.
- While below ~1.0457, and while my MACD lines are below 0, bears have the upper hand, but again: things can get interesting today once data comes out. We must watch very carefully.
- Overall, I prefer to flow with bears for now and will try to rinse and repeat selling as high as I can and as close as it gets to 1.0457 (1), BUT I am aware that bulls are lurking and if necessary I will adapt real quick if I see a break above 1.0457 (2).
Good luck and happy trading day to all
Focus only on what truly matters!
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