Fridays Candle ended the week as a Spinning Top, coupled with testing the 0.236 Fibonacci Level i am expecting downside. The close of Fridays daily candle broke and closed below a strong Trend line and was also a bearish engulfing given more confidence to further downside. Breaking this down on the 4hr time frame i will be looking to enter into a sell position if the candle closes below the 4hr support level of 1.26635. However lots of High Impact USD news this week so will be actively managing.
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This order failed to Trigger. Market is now bullish. Expecting a retest of the trendline before dropping to our original TP area.