Long Weekly Wick Could Signal A Sell
This actually looks like a hot mess. The bull candle on the weekly created a long wick last week, so we may be going short for the remainder of this week for now.
I'm looking for some hint of a reversal if it goes bullish from creating a lower high. Otherwise, if price can get to and break the 1.54360 area. Let's find out. Here are some TPs in the meantime to aim for:
BULL TPS:
• 1.56195
• 1.56543
• 1.57307 (if it breaks and retests TP2 as support)
BEAR TPS:
• 1.55366
• 1.54816
• 1.54058
I'm looking for some hint of a reversal if it goes bullish from creating a lower high. Otherwise, if price can get to and break the 1.54360 area. Let's find out. Here are some TPs in the meantime to aim for:
BULL TPS:
• 1.56195
• 1.56543
• 1.57307 (if it breaks and retests TP2 as support)
BEAR TPS:
• 1.55366
• 1.54816
• 1.54058
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