working in historic lows. expect bear to continue to daily, possibly beyond then reevaluate.
with sentiment moving strongly in the short position, expect a sharp shift to a bullish run. Bears may drive to 4 hr resistance or beyond, but expect a shift.
could continue long, but sentiment is long so expecting a pullback into the ranging zone.
With sentiment strongly on the bullish side, a bearish trend is likely to continue. Watch for bullish sentiment to shift.
Ranging is 100 pips, possible to scalp in either direction. higher than average risk.
A strong anti-correlation between sentiment and this pair make it likely that the trend will go bullish. 66% are looking bearish. Go with the crowd, or not? I'll wait for the bulls.