Today is an important day as it marks the first day of a new month, giving me the added advantage of analysing the full month’s candle close as well as a weekly close.
Here, I share with you how fundamentals this month affected price action and where in the medium to long term the market can reprice up/down into.
The highs for the month is 4.809%
The lows for the month is 4.488%
Candle body closure above 4.818% will negate my bearish notion of retracing down into the November 2024 monthly bullish order block.