Fiber daily got an ugly close, which I consider indecisive, it could mean both bullish or bearish, that wick can mean path down as well. will wait for DXY daily candle(2hours left), if that closes somewhat indecisive, preferably green, I lean towards red week for Fiber(Euro).
But im not in a hurry to shape bias with so much going on, I think playing it safe and being very conservative with targets is needed in this atmosphere.
Perhaps sweep of monday high during London or NY, invalidation would be 1.1755 - which is aprox 26 pips from Monday high, not so bad in terms of risk.
Monday high to Monday low is 70 pips, skimming some of it, is good weekly objective.
I am not ruling out order flow getting engineered towards the highs from 23th December, but will need a HTF(4h body) close above 1.1755.
A fool prays for an easier road, a wise man prays for stronger legs
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Now we’re trading above 1.1702, which I had mapped as resistance, currently just below 1.1720 and the day’s high. So what’s next? Price could still squeeze higher toward 1.1734–40, where I will definitely look to short, even without confirmation.
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