DislikedClockwork,
Excuse me for being new and not completely understanding, but you keep saying you cannot find a reason to be long. However, I have a pretty solid weekly pinbar from last week.
Are you saying that you are not "convinced" of the price action because of the area? What I don't understand, I guess, is that the weekly bullish pin is actually held by the same support that you are calling resistance (1.35). Or am I completely screwing this up!?!Ignored
No, you are correct. And from a purely technical perspective - you could go for a buy, but I don't like the stop size on a currency that has serious problems. I think it's perhaps due for a bit of a bounce.....and you could play it for that, but I am not thinking we are going back up - if that makes sense.