Apr 032023

Bears took over the remaining US Session last Friday to mark the close below 164.00 While daily trend seems progression with higher high higher low markings, price action last Friday tells us a different story.

Considering we are in bearish territory with a bearish candle, my main bias is to go short near 164.50. However, I wouldn’t leave out a quick bullish trade buying around 163.65 as my immediate bias.

Trader H

TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.

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