Potential short in the making, recently we got a push back up from the daily low and now we're at the high. I marked these daily levels as zones based off wick and candle close averages. The 2 zones marked off are the most relevant since we can clearing see structure formed. All we need now is to see that transition in trend from up to down on the 4hr or 1hr ,...
We have 2 scenarios for this pair but it very well seems to be bearish. Only looking at a long play if the Daily trend-line is broken. Shorts until proven otherwise...
Price is currently sitting on top of major support and respecting it so to speak. We could very well see bullish movements to retest the Daily trend-line to possibly create and big 2 to 3 then a break to the downside respecting the daily trend-line. On the other hand if our current trend-line doesn't hold bullish prices we could see another bearish rally to the...
Very nice break of the 2 to 3 line as well as respecting the daily trend-line to the downside. We could very well test previous lows and break and continue downward to next area of support. Always remember the trend is your friend and to wait for a pullback to get in , usually another 2 to 3 line break on the lower time-frames targeting the major levels. Enjoy the...
