LOOKOUT FOR 4 HR CANDLE CLOSING ABOVE OR BELOW LINEHello Traders ,
We have this wonderful SHORT opportunity coming for us today or on monday ,
Price has already closed below Bollinger Middle band with flat BB confirming price trading in channel pattern ,
We are currently looking at retracement after yesterday's bearish move , but since price has closed below some technical price levels and indicators we expect a leg lower towards 1135 level where we have lower Bollinger Band ,
We are waiting for price to confirm end of its retracement as because of today's EURO overall weakness price may move higher too ,
We have 2 possible places to open a short trade ,
1. At rejection of Lower Channel Line ,
2. Or rejection at below support /resistance zone ,
Lets wait and see how it plays out.
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