Price broke 1.787 level and made new low at the weekly key level at 1.75 . After this price has been on a rally to the upside creating new prominent highs at 1.853 . Price retraced back lower breaking the trendline with a huge shooting star telling us that the bears are in control of the market. Weekly closure has formed a bearish engulfing. Also the moving averages are crossed. Looking for the weekly level to be met at 1.78687, but before this I do favour a small pullback to the liquidity area to find the right momentum to drop the price lower.
#tradesafe #theforexdaddy #tfd
#tradesafe #theforexdaddy #tfd