I am still thinking bearish after break of support, what I see is a pullback and if price can complete the right tip of what I expect becoming crown formation, it is great place to sell
Looks like price held by resistant, but I see that price broken flag on the daily chart which means bull was able to take control. Rather than try to against the tide, I see that going long might be favorable.
I am looking to short this pair but I would expect a retest to supply level for ideal low risk trade
Right now I am looking at this formation where potentially creating inverse crown formation. Crown formation similar to H&S formation but for crown we do not trade the break of neckline, we trade the right tip.
Price hit previous resistant and react with double wick. We might get classical 2 steps retracement and continue
I would watch for the area that I marked for bounce and bullish continuation
After that nice downtrend, it might continue, there is a lot of pips to catch if that play out
Price retrace to 382 . created formation on 4 HR, it might good opportunity for short toward extension 1.618
Inverse H&S is forming, might be good for long trade
Not much explanation needed , just look at the level on the daily and this is first retest of the level, good luck catching pips
At supply zone and see great bear move and some correlation to take short trade, we might get squeezed from retest but put SL a little higher
Price in correction mode and when it hit demand zone started moving up, with deep correction from the flag pole, we can expect 1.272 extension as target.
Price hit EMA and bounce following the trend.