From the 4 hr , a downward trend is seen , in confluence with the daily
Going to the one hour , price broke above 152.340 and forming a resistance at 152.340
Two plans can be made , if the 9.00 30 min candle closes above the resistance region and on the 15 min , the 9.30-9.45 min candle closes bullish then we can anticipate a long towards 152.550
If it loses below...
From the Daily i can see a downward trend , from the trend-Line perspective .
On the 4 hr , i can see a bullish momentum but it has formed a rejection at the daily trend line hence my bais is short on the pair
Monitoring from the 1hr 30min and 15 min
as london open approaches
Stop loss placed at 151.638 risking 1%
From the daily , it has reached a major resistance level which is seen in the 4hr as the bullish candles are weak at close and price creating a resistance zone
On the 1hr , the resistance region has held and price is failing to break through
As London market approaches 9.00am +3Gmt , price will be monitored on the 1hr 30min and 15min (this is for early...
From the 4hr i can see it has broken a resistance level and creating a support region at resistance
First and second candle closed bearish and bullish respectively creating a support region
On one hour , higher high is seen to be formed laso on the 15 min timeframe higher highs and higher low are formed ,
waiting for london open at 9.00 +3GMT observing the...
