expected shorts at 1.08600 - 1.08500
price made a good retracement and is not at the previous touch of the descending trendline. a situation that can occur is a test and fall back to
hit the lower trendline again. there is major support in the zone of 1.07 and aligns also with the extension level.
with a SSI number of 2.56 and 89% long in the traders-outlook, we can expect a push down to take the stop losses, create liquidity, accumulate and then push up.
hit the lower trendline again. there is major support in the zone of 1.07 and aligns also with the extension level.
with a SSI number of 2.56 and 89% long in the traders-outlook, we can expect a push down to take the stop losses, create liquidity, accumulate and then push up.