Quick H1 Outlook
- I would suggest: make this chart your roadmap until the end of this week!
- I am not seeing a higher low yet so bears are intact... Can that change?
- Possible if: H1 chart prints a higher low... (dah!
) - Possible if: H1 candles open back above 1.1733...
- Until any of the mentioned situations occur, this can continue lower with nearest target: 1.1691-ish levels.
- We are currently at channel median. Extra careful whenever opening new orders right at median. Chances often are 50/50... That's not a good location to risk money if you ask me. But if you are already in a trade and winning, then I suggest locking some of your profits by tightening stops, so you don't give back a lot.
- If price ever gets back to retest 1.1769 area, that would be a great location to look for selling.
My two cents... I hope it helps... We hopefully meet again after London opening folks...
Trade safe... Peace
out...
Focus only on what truly matters!
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