EU:
Asian session trading shows a bearish bias. At the open, price was traded down towards Friday lows, but then pumped back up. At the end of the pump, a very high volume selloff occurred. Currently, the price is being pumped back up again.
Today might be more of the same, pumps to dump. But even though the asian session has created lower HLs, when the euro traders come to the table we may see pumping action that takes price to new highs, maybe to above the upper whole number, and possibly a quarter above that.......all in preparations for more downside.
So, we could see a SonicR long setup for a euro session pump, and maybe even a SonicR short setup later in the day. This is all speculative, of course.
Asian session trading shows a bearish bias. At the open, price was traded down towards Friday lows, but then pumped back up. At the end of the pump, a very high volume selloff occurred. Currently, the price is being pumped back up again.
Today might be more of the same, pumps to dump. But even though the asian session has created lower HLs, when the euro traders come to the table we may see pumping action that takes price to new highs, maybe to above the upper whole number, and possibly a quarter above that.......all in preparations for more downside.
So, we could see a SonicR long setup for a euro session pump, and maybe even a SonicR short setup later in the day. This is all speculative, of course.