CoFo Lab Market Watch: Directionless
Analysis and Forecasts
2023-11-24 12:44:42
Consolidation continues with decreasing activity. Medium-term long strength growing but global longs fading.
Analysis of CoFo Scout Readings
CoFo Scout shows assets range-bound. No dominant direction with signal strength unable to indicate clear preference.
Only strong signals are H4 longs and D1 shorts. Higher timeframes show longs. Local picture uncertain.
Better to take trades aligning higher timeframe bias with tightly managed risk. Recommend waiting for clearer CoFo Scout signals to emerge.
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