I want to see price open this week and move higher, run stops at previous week high into 1.13500 level to go short.
Target 1.11830 level.
Komen:
Daily order flow bearish.
Komen:
Notice the resistance at the previous week high. This has piled in more sellers. I see this as a trap. Sellers who went short likely have their stops resting right above resistance 1.13239 level. I suspect the market will run higher, a parabolic move higher to run stops on the weak shorts, likely seek lower prices run to 1.11830 level.