Bias: Long
Expecting strength in the dollar. There is a lot of DA from various timeframes stacked throughout the 106.000-102.000 price range. How Mon 3am-Wed 11am prints should give a better idea of where price wants to go. I do expect another LTF low to be made but if we don't show any willingness to turn around by wed ill look for short opportunities on Thurs.
This is a longer term analysis. I do expect bearish price action, BUT at the same time I expect enough bullish price action to profit. The goal isn't to be right analytically, just to be right enough to profit. Until we've traded through this area my bias remains bullish.
Expecting strength in the dollar. There is a lot of DA from various timeframes stacked throughout the 106.000-102.000 price range. How Mon 3am-Wed 11am prints should give a better idea of where price wants to go. I do expect another LTF low to be made but if we don't show any willingness to turn around by wed ill look for short opportunities on Thurs.
This is a longer term analysis. I do expect bearish price action, BUT at the same time I expect enough bullish price action to profit. The goal isn't to be right analytically, just to be right enough to profit. Until we've traded through this area my bias remains bullish.