H4 chart
D1 chart
29/6/19
Weekly still bullish trend until price break the weekly support line (black), candle close doji, potential higher retracement for daily.
Daily bearish trend, currently rebounce from Daily support.
H4 sideway movement after big bearish movement & retrace from daily support area.
BIAS still bearish movement BUT short term price stalling.
BIG NEWS : G20 meeting & 1st week OPEC
D1 chart
29/6/19
Weekly still bullish trend until price break the weekly support line (black), candle close doji, potential higher retracement for daily.
Daily bearish trend, currently rebounce from Daily support.
H4 sideway movement after big bearish movement & retrace from daily support area.
BIAS still bearish movement BUT short term price stalling.
BIG NEWS : G20 meeting & 1st week OPEC
Note
USDxxx SELLXxxUSD BUY
Potential USD retrace back UP first b4 continue.
Weekly support area + doji candle closing this week.
Align with some individual pair movement.
As usual, follow your trading plan.
Note
AFTERD1
H4
Price did react at the resistance about 25p but did not make a lower low at H4 showing bullish momentum still strong. Price end up breaking the upper downtrend channel. Daily trend still downtrend until previous high structure ($97.69) broken but at H4 is still bullish.
Short term bullish. Long term trade best when D1 & H4 both trend aligns.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.