Testing previous lows; bearish tone for past 2 weeks dropping in excess of 200 pips;
Two potential scenarios:
1) buyers begin to take control- need clear confirmation on higher time frame
2) sellers continue pushing the pair lower
-4hr seems to show early signs of rejection with buyers starting to take control therefore the bias is a long.
Two potential scenarios:
1) buyers begin to take control- need clear confirmation on higher time frame
2) sellers continue pushing the pair lower
-4hr seems to show early signs of rejection with buyers starting to take control therefore the bias is a long.