Re: EUR/USD

1171
mlawson71 wrote: Sat Nov 20, 2021 4:10 am The pair remained pretty bearish today despite that pinbar at 1.1300 on the daily time-frame. I thought there may be a correction, but it looks like I was wrong.
I said it before: general directional bias was and is down.
We had a difficult time (changing up vs down moves) because - as you can see on the monthly chart - the downward tendency runs against fairly strong resistance (this and the years-long-downward-TL - since Sept 2007 -, which price touched, are responsible for the "pinbar").
If you keep that in mind you won't expect a strong upward move until there was a clear TL-break.
(That doesn't mean there won't be buying opportunities on lower TFs, just that those moves are - within the overall picture - countertrend moves.)
Till then just go with the flow if you are risk-averse
and do your analysis...
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