Not looking like the best pair to trade at the moment, but I would expect price to mitigate the weekly wick and continue lower. Price look like it's trapping both buyers and sellers!
Let's see what happens next week.
Now looking bearish on the higher TF - strong daily zone around 145.677 - 146.795.
Formed a lot of liquidity this trading week just gone, so I would expect price to continue up, tap this zone and drop again.
Price is still looking bullish - structure is still signalling this. We tapped into a decent 15m POI before market close - it's see if it continues up.
Price is just ranging at the moment - no clear sell opportunity. Expecting price to hit 1.6000 area before looking for a sell. Alert has been set on this, time to be patient.
Hard to say what is happening with BTC at the moment - but I know that we are still bearish but that could change at any point if big institutions start buying etc. However, we are still bearish overall with lots of liquidity to be taken out.
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