At this point still neutral on the market, waiting for more price action to unfold.
So I currently placed my sell stop 25 pips below old lows so that I don’t get tagged in if it is just a run below old lows of 1.38734
My overall sentiment on the daily is bearish as price retraces from the 68% retracement level.
If price break below the 1.38484 level then it’s a sell heading to old lows at 1.38013,
Otherwise if we complete a move above the 1.38807, we would have completed a bullish orderblock, and we’ll expect a short term buy to hit the buystops above 1.39209.
So I currently placed my sell stop 25 pips below old lows so that I don’t get tagged in if it is just a run below old lows of 1.38734
My overall sentiment on the daily is bearish as price retraces from the 68% retracement level.
If price break below the 1.38484 level then it’s a sell heading to old lows at 1.38013,
Otherwise if we complete a move above the 1.38807, we would have completed a bullish orderblock, and we’ll expect a short term buy to hit the buystops above 1.39209.