price just broke below
a major ascending trendline
and currently below both the
20 and 50 Moving average.
also the RSI showing bearish
divergent and oversold. there
is bearish imbalance left by the
big down move that could be
fill before a continuation move to the
downside
we are now seeing a correcton that
could retest the weekly HL structure level
that was broken. this could be a potential
Price reversal zone to paid atteniton to, it also
aglins with the 50% fib.
overall bearish for this pair and will be patient
to see what happens next week
short term on the 4hr, price broke out of a
five day consoildation on thursday of last week
creatinga new short term HH, we could see a correctionfor this move down into 146 area where there sellside liquidty and 4hr bullish imbalance. i would like to see how price reacts
here for a potential counter trend trade, but
before my overall bias plays out.
No big impact new for the dollar until Thursday and Friday
a major ascending trendline
and currently below both the
20 and 50 Moving average.
also the RSI showing bearish
divergent and oversold. there
is bearish imbalance left by the
big down move that could be
fill before a continuation move to the
downside
we are now seeing a correcton that
could retest the weekly HL structure level
that was broken. this could be a potential
Price reversal zone to paid atteniton to, it also
aglins with the 50% fib.
overall bearish for this pair and will be patient
to see what happens next week
short term on the 4hr, price broke out of a
five day consoildation on thursday of last week
creatinga new short term HH, we could see a correctionfor this move down into 146 area where there sellside liquidty and 4hr bullish imbalance. i would like to see how price reacts
here for a potential counter trend trade, but
before my overall bias plays out.
No big impact new for the dollar until Thursday and Friday
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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.
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.