A potential shooting star formation is building up on the daily chart. On the weekly it has met its 100 MA. It's time for the Dollar to show some strength as well. If not today or tomorrow, then looking for this move next week. Next week we have the NFPs, that will some interesting moves.
It seems that we are slightly overbought. I recommend to keep an eye on the weekly chart and see what kind of candle it will form for this week.
My bias is towards the downside, but I could be wrong. I am looking to go with this scenario:
SELL:
Entry - 0.80000
SL - 0.80656
TP - 0.78688 (or maybe lower, towards the little bubble)
Keep an eye on the price action!
It seems that we are slightly overbought. I recommend to keep an eye on the weekly chart and see what kind of candle it will form for this week.
My bias is towards the downside, but I could be wrong. I am looking to go with this scenario:
SELL:
Entry - 0.80000
SL - 0.80656
TP - 0.78688 (or maybe lower, towards the little bubble)
Keep an eye on the price action!