DislikedMaybe we have seen the low with 32?Ignored
Price never moves in a straight line. M30/H1/H4 are still pointing down. I never look for reasons to turn around, only for reasons to continue. A bounce for me is not a counter trade, but an opportunity to get a better price. Some bounces turn into mini retraces and become a trading opportunity in their own right, but let's keep it simple for the sake of argument here. This bounce is not an intraday retrace yet. London has set the course, now let's see if NY picks up the ball. They do like to set the low for the day and we have no fundies out today to spoil the party.