Impulsive Rejections Found in a corrective structure. As we 've seen some consistent buy and sell position in this corrective structure in previous. So strong chances to bounce back towards 1.43906 .Role will be reversed now towards 1.43906. I am staying Bullish. Happy Trading
Will be a good short entry from 0.92600 and 0.92910. Good bearish trendy environment here and also price respecting the resistance and going down. This week if any rejection found from 0.92600 and 0.92910. W can go short targeting 0.90920. Happy Trading.
IF DAILY CLOSE IS BELOW THE STRUCTURE THEN I WILL GO FOR SHORT IN NEXT WEEK. AS CORRECTIVE STRUCTURE HAS BROKEN OUT AND PRICE IS RETESTING SO NXT WEK IMPULSIVE PRESSURE MAY COME.
Higher time frame context is still bearish and market has tested 1.04850 3 times recently. So in this case we can go for short from this resistance again 1.04850. And our target will be 1.03800. We wont go for long unless major trend breaks out or any impulsiveness in bullish side if marked. So good trading coming this week. Happy trading.