If you haven't been short on this pair since yesterday with our analysis. Then you can get a potential entry by retesting the resistance level again before it drops.
As price is dropping lower and lower we might ride the bearish momentum. Unless price is going to break the previous key level and that's where we wait for the retest.
Still waiting for price to react from the previous resistance level before we get in for short.
Wait for the market to retest the previous resistance level then look for confirmation to enter a short position.
In the daily timeframe we are still bearish but in 4h we broke the previous resistance level. So we are short term bullish but if price break the same key level again then we look for short position.
As the previous market structure has been bullish and up trending. Then last week it broke the previous resistance level so we are keen into longing this pair. But there's a possibility for price to just sweep the high and grab its liquidity then drop to the downside.
This week is starting and we love to see for price to tap inside our resistance level to look for a short position. Wait for the reaction and confirmation in the lower timeframe so keep an eye on this pair.
The bearish sentiment is not yet confirmed as price is showing less momentum to the downside and being indecisive for the past few days. So wait for the market to print more candles and understand the price action.
As price is currently trading at the support level then we are waiting for the market's reaction. Either a rejection or a break below structure then we know what our sentiment is.
As price is approaching the resistance level then we are interested into shorting this pair. When price tap inside the zone then we drop down to lower timeframe to look for confirmation.
Currently price is trading at the support level so we do have two options while waiting for the reaction of the market. Either a rejection from the support that would help us in longing this pair. Or a break below the support which leads us to selling this pair.
Now price is retracing from a rejection of the resistance to the bounce of the support level which we are long at.
As the price is now retracing at the previous support level since it broke below it. We are leaning towards the selling position unless price breaks the resistance level.
Still price is moving sideways but it rejected the support level yesterday. So it would give us more confluence to long this pair today or the following days. But if price breaks below then we are short on the retest.
As price is currentlyt trading at the resistance level then we wait for the candle close. Either it would reject the resistance or breaks above it. Then we know what would be our position in the market.
Wait for the 4h candle to close to see what would price do at the previous support level that would act now as a resistance. Unless price breaks that key level to the upside then we might change our bias.
If you haven't enter long at the support level when price rejected it during the London session. Then wait for a retrace or ride the bullish momentum, unless price break the previous support level.
If price would make a retest to the previous support level that would act now as a resistance. Then we target the next possible level of danger of the market.