My bias on EU has changed to Short term bear. But we had a super strong bear candle close on the week last week. We are coming down to Previous month lows so this may decide whether we have changed direction to bears. So will have to be mindful and adjust to see where price heads to next. Structure on the HTF remains bullish.
We have previous month lows to keep an eye out for no doubt there will be a lot of hunting for stops. If we do retrace over the next couple day, shorts are what I favour and believe last months low should get hit at some point.
IF we remain bullish, no problem wait for confirmation on the HTF for you long trades.
We have previous month lows to keep an eye out for no doubt there will be a lot of hunting for stops. If we do retrace over the next couple day, shorts are what I favour and believe last months low should get hit at some point.
IF we remain bullish, no problem wait for confirmation on the HTF for you long trades.