It should also be noted that the previous weeks candle opened just on the 200MA, dove well below it, and climbed well above, closing roughly +1100 sat. If this weeks candle shows similar movement, it could send the 1W into a downwards closing trend. Wither way, the makes for some great trades.
I think a retest of the 200MA is a very possible scenario (mid to low 8's.), then again if the market is indeed showing strength (Which I believe it to be), there will be no need for that as the previous week's candle already did this and failed to close below.
As always, I'm no professional nor market maker, I'm simply sharing my ideas with the public.
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