Based off my technical analysis, I have a descending channel on the 4H. This is how I am playing US30 this week. Have her bearish til she breaks structure and the descending channel. Then I will change my bias.
Wuddup Gang! On AU, on the higher timeframe I have here still in bullish structure. Looks like pullback to one of the points you see above and continuing bullish. The previous HH is also at the popular 50 Fib retracement. Unless she breaks below and retest my 4H bullish structure (White zone) I will switch my bias. Now we wait for price action!
Based off of technical analysis, I have EUR/JPY hitting major support on the 4H. If price breaks my trendline and retest we can see price with the potential to go back to 118.670 or even more. I personally don't like what I see to the left so im not looking at short opportunities even as of now it is in a bearish market. If she does not do what I want her to do...