Look to sell the bull-trap rally up to the 1.1000 handle near the resistance downtrend line.
Look to sell the bull-trap rally up to the 1.1000 handle near the resistance downtrend line. Look to target the 1.05000 area. Avoid buying a false bottom here. The FXCM SSI indicator is extremely bearish as retail traders attempt to pick a bottom. Wait for a bearish reversal candlestick pattern at resistance to place shorts.
