As seen on the final day of last week, there is a high volume but the candle spread is short. Therefore I feel that a correction to be expected. However, the structure is still very bullish, and will not be surprised to see it go up again after correction. Therefore I am slightly bearish on a lower timeframe.
Price is now though at a bearish trench. So we will have to observe first. Take note of FOMC news this week.
I will most likely sit out and observe this pair. It is too late to long, and too early to short.
Price is now though at a bearish trench. So we will have to observe first. Take note of FOMC news this week.
I will most likely sit out and observe this pair. It is too late to long, and too early to short.
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