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Home / Analysis / Forex Analysis / Bearish Bias Continues

Bearish Bias Continues

I see price still heading to grab liquidity sitting below 1.30100… Since I’m bearish I expect price to begin the week pushing upward. We could test the halfway point of last week’s wick resting at 1.33945, and if price fails to close above that level early in the week (Mon, Tues), I expect the bearish move to continue to play out. The open of this past Monday’s push up (1.33098) was closed beneath on Friday, confirming that Monday’s candle was a daily orderblock. the initial bullish pushing the beginning of the week could retest this level before the drop, but the conservative trader would wait to see if price retests the equilibrium of last week’s wick I previously mentioned. Im expecting price to end up taking out the liquidity resting below 1.30100 and to end the week around 1.29850.

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