My bias on this is bullish trend still...
the BLUE highlight box is the daily resistance area we have failed when we get to that area..
i feel to keep the bullish movement we need to break the area for continuation as daily structure needs to be broke.
Green box = demand zone which we could hit 108.50 but we had a bullish engulfing which made my bias still bullish at the moment also the DAILY had a Bullish engulf candle on top of bouncing on the weekly trend line
the BLUE highlight box is the daily resistance area we have failed when we get to that area..
i feel to keep the bullish movement we need to break the area for continuation as daily structure needs to be broke.
Green box = demand zone which we could hit 108.50 but we had a bullish engulfing which made my bias still bullish at the moment also the DAILY had a Bullish engulf candle on top of bouncing on the weekly trend line
Note
playing on the 4hr trendline perfectly...
still waiting to see a break out 110.00 for continuation for it being bullish
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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.