I saw a strong divergence and I will go short if I got price action confirmation on the gap area.
I see one more drop but if price will break this with impulsive move then structure will be changed. 2nd wave of covid 19 will hit hard the oil market.
I see some retracement but if price will break this strong support area with impulsive move then the structure will be changed.
I see some retracement if price break this resistance zone with impulsive move then structure will be changed.
I see one more push up but if price break the support with impulsive wave then structure will be changed.
Price broke the neckline with impulsive move. Now we need pull back to complete the structure before go further down side.
I see up move with these targets because bears are taking rest after a big down trend and we a big retracement over this pair. price is also hovering above monthly support.
I'm pretty much bullish because is hovering around the W formation neckline and I see potential up move with 2 targets if price break the support area than we might see some short term bearish but my long term view is bullish.
price is moving above W formation neckline.
I see one more push up to complete the structure.
I see one more push up to complete the structure.
Price is hovering around major zone and recently created support zone. I see for long entry in lower timeframe.
I'm looking for short i lower timeframe.
I see one more up move to complete the structure.