I believe that this needs a retracement before doing another up move which is always needed in the market. Market also broke 4 hour previous resistance area(146.469) which is also a good sign that market can push higher onto the a higher level. On the daily, price still has not broken its current resistance area(147.149) which could cause a retracement back to...
As i got this going down there are two good scenarios that could happen for us to get a good entry on lower tf. Tell me what you think
The 4 HTF has completely broken resistance indicating further bullish movement. For those waiting on buy entries i have drawn a couple scenarios.
This move will probably happen in the beginning of next week before pushing up, but just a potential opportunity for those who missed out on any buys
The only reason for this to drop at this moment and tf would be a retracement. Lmk what you think
Alot of confluences for a long move back up to the supply zone
We know this is dropping, just looking for the best potential levels to sell if you haven't already. Goes back up to imbalance level to continue drop Simple.
Yes i know where all confused but it was actually coming to a potential resistance area(yellow line) the whole time. We just have to watch out for the third hits at all times