vienna9

vienna9

we have been on a retrcement period for long and having hit key fib level we expect to see price exhausting on the lower time frames and the bear strength start coming in. we also can see dxy strength which indicates bullish strength and a strong dollar.

vienna9

We have been on a retracement period, making higher highs and higher lows,also we are on an ascending channel which translates to a bearish reversal signal.

vienna9

We have been on a retracement period as we were looking to form a lower high on the weekly TF, we need to close below the support to end the bullish move and strat forming lower lows and lower highs, this will this facilitate the bearish movement on the higher time frame.