Current Market Status: Bearish
After the reversal post NFT and the close near the weekly lows technically speaking it is hard not to be.
Despite Wed breaking some recent highs all the good work was undone by the market close yesterday.
I expect it to attack the June 12th SL and the 1.07 Demand Zone at some point this week but perhaps not straight away
It could of course head north back to fill some imbalance but looking at structure and the size of the bearish moves suggests to me that it willbe short lived.
Let me know what you think and let's learn together!
After the reversal post NFT and the close near the weekly lows technically speaking it is hard not to be.
Despite Wed breaking some recent highs all the good work was undone by the market close yesterday.
I expect it to attack the June 12th SL and the 1.07 Demand Zone at some point this week but perhaps not straight away
It could of course head north back to fill some imbalance but looking at structure and the size of the bearish moves suggests to me that it willbe short lived.
Let me know what you think and let's learn together!