We are currently still trending bullish. Im looking for one last push up to make a 3rd tap of the trend like and potentially higher to the 0.27 Fib ext. Then long term SHORT
Need msb before looking for shorts. 3rd tap on the weekly bearish channel. D1 price action looks nice for a short but we are still in an up trend until we create a lower low. If we fail to close below the D1 swing we could see one more stop hunt.
Not ready yet, need some more comfirmation on daily price action but can see this moving to the up side.
i am favouring a long trade, if todays daily candle closes below then we could expect shorts.
Wait for a stop hunt/fake move to the up side of the range.
Update of EJ analysis, watch out for reversals on 119.000, but could break and continue short going with the higher time frame bearish trend