chart h4 - 3.30 pm Malaysis
Price is in tight 150 pips range between 135.20 and 136.60. Even though there is a hammer candle on the daily chart, I am still maintaining a bearish bias due to the developing evening star formation on the weekly chart.
Thus, my strategy today is to wait for a bull exhaustion confirmation before riding the south-bound train again. Otherwise, I would rather go bowling....
UPDATE:
4.15 pm - price broke upwards...
I am staying out
9.00 pm - at last the beast starts moving
went short as the price is rejected by fib 138.2% level
will the beast start tanking?
10.00 pm - choppy price action
12.15 am - now drops to 136.85; already locked some profit
will leave it open over the weekend
done for the week
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