With the market shift at the beginning of January 2021 I'll be looking for buyers above old highs to provide the liquidity needed to sell as lower lows continue to form through the rest of February 2021.
Not trading advice
Not a signal service
As price trades lower into Tuesday February 2, 2021 London open I'll be looking to go long after 2am.
Price quickly traded lower at London open on Monday February 1, 2021 and I'd like to see a rebalancing of price going into the next day or two.
When the short term low at 1.15741 (where the pink ray starts) was taken out by the July 2020 candle, I understand this as an indication that buy stops were being paired with sell orders by large institutions and thus driving prices lower.
