In D1 timeframe, price has formed lower low and closed with 3 days continuous bearish candlestick, expect price to go with a retracement in lower timeframe.
In H4 timeframe, price has just formed lower low and foresee price to retrace and reach supply entry level 2. Will wait the price to breakout supply entry level 2 and retest stop loss level 2.
The price was created a pattern of Higher Low to attract entry an hour ago, but the trend has overbuy today, will see the price retest the Higher Low at 1.06350.
SL: 1.61200
TP1:1.60350
Unusual strong demand hit and breakout left side supply level 1.60360 twice time, the supply level has been removed. The price has been ranging on top reaches H4 high about 4 hours and bearish momentum appear to be go lower, expect price to reach and retest the first level of demand at 1.59738, will close 70% of profit on that level, the second level of new demand...
Short Setup: Bearish yesterday slow down its trend at 1939, the current uptrend is not strong as the price ranging long time and formed fresh demand level at 1940. Will wait and see the price retest supply level at 1954.00 to form a selling signal at price between 1950 to 1954.00. Looking the price going lower and reaches demand level at 1926.00. The analysis is...
Price hit supply level at 1940 which has created momentum to push price lower, now will see the price to retest the fresh demand level at 1940 as today analysis.
New demand at M5 timeframe, price 166.872, price went up then move bearish during market peak hour back to price 166.872 to attract and trap selling orders, expect price hit demand then move up to 167.500 to retest supply level.
