After we know now the opening price here is my idea about today: If price cannot climb above 1.1248 it will probably go back to test daily pivot around 1.1175.
Bullish scenario:
Important is we still didn't see any red bars that will show signs of bearish power exhaustion. So for now we are still flat but once we see a group of red bars and then green or blue bars start to appear right afterwards, we will get ready to buy.
Bearish continuation scenario:
If red bars never show up below dragon and price goes higher and this time we start to see green bars appearing above dragon and then red or purple bars start to appear right afterwards, we will prepare to go short because that means bearish trend is still in tact and the long bullish candle from Friday was only a fake.
We need more data. See you after Frankfurt opening
Best Regards
Bullish scenario:
Important is we still didn't see any red bars that will show signs of bearish power exhaustion. So for now we are still flat but once we see a group of red bars and then green or blue bars start to appear right afterwards, we will get ready to buy.
Bearish continuation scenario:
If red bars never show up below dragon and price goes higher and this time we start to see green bars appearing above dragon and then red or purple bars start to appear right afterwards, we will prepare to go short because that means bearish trend is still in tact and the long bullish candle from Friday was only a fake.
We need more data. See you after Frankfurt opening
Best Regards
Be a seer, not a looker!
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