Fresh level of Supply tested few times, we can take immediate short because of the formation or for conservative approach wait for break of trendline
Don't lose sight of the trend even though it was bouncing from important supply level as expected but the 4 HR EMA price action shows that more up is expected. And it might become 300 pips trade
When a pair move in an order of fibonacci retracement and extension perfectly, we can map out the path nicely. The past ABCD was a perfect move , impulse followed by retracement to 50% then extension 1.618 achieved. The next bullish movement is already in play , you can see my ABCD projection where price drop whenever it reached 1.618 extension , it touch 50%...
I am still bearish and with that retest, I expect continue down
Expecting more bullish from now
Formation seems confirming for bullish expectation, The Fibo give the next target. Either try to stay for the long run or take long for every pullback as long as price above that green demand zone
The set up is really interesting and some good confirmation for this bearish set up. The Friday news momentum confirming that we should be on the right side of the market
Testing important level, wait for break of trendline for short
Simple idea but if done at the right time, should create some pips
Price consolidate around resistant, a sign of strength, If price able to drop to buying area, we might get the bullish move continuation
seems like a good short after bounce from EMA