(30min, EURUSD)
{Previous Price Action}
based of previous PA the price was moving consistently in downtrend by keep on making Lower lows & lower highs and in the start of previous trading sessions bears find the way to break under previous lowest point in order to keep control overall direction and price momentum to the downside
{Current State}
last session on 14/11 price found lowest point to bounce at 1.09891 level & while it's keep rally & momentum supported by volume we open today's session by breaking highest point of previous session in sign of potential reversal of direction
{The Plan}
The distance between Lowest & highest levels of the day is 0.16% while previous session = 0,35% (0,30% in average), In case bulls could break above the high and make new one the distance will increase & bulls will keep rallying, otherways I'll keep looking for break under the low for potential overall direction continuation.
{HQ Chart}
{Original post} stocktwits.com/itsFiras/message/183849135
Follow me at stocktwits.com for more: @itsFiras
based of previous PA the price was moving consistently in downtrend by keep on making Lower lows & lower highs and in the start of previous trading sessions bears find the way to break under previous lowest point in order to keep control overall direction and price momentum to the downside
{Current State}
last session on 14/11 price found lowest point to bounce at 1.09891 level & while it's keep rally & momentum supported by volume we open today's session by breaking highest point of previous session in sign of potential reversal of direction
{The Plan}
The distance between Lowest & highest levels of the day is 0.16% while previous session = 0,35% (0,30% in average), In case bulls could break above the high and make new one the distance will increase & bulls will keep rallying, otherways I'll keep looking for break under the low for potential overall direction continuation.
{HQ Chart}
{Original post} stocktwits.com/itsFiras/message/183849135
Follow me at stocktwits.com for more: @itsFiras
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