Hello traders,
Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower.
- After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming.
- Price is respecting daily and H4 supply zones.
- Daily structure remained bearish, despite the strong move on the H4.
- If price is going to continue to move higher the M15 will be the first to let us know.
- There's also the potential that price will stay in a range considering that it's getting closer to the end of the year.
(This is not financial advise, just my own views.)
Cheers
Following daily structure, there's a good chance that the H4 goal was completed and price is now ready to continue lower.
- After the huge FOMC reaction it's easy to get caught up into looking for a continuation opportunity but if we zoom out, it's possible to see a clear bearish scenario forming.
- Price is respecting daily and H4 supply zones.
- Daily structure remained bearish, despite the strong move on the H4.
- If price is going to continue to move higher the M15 will be the first to let us know.
- There's also the potential that price will stay in a range considering that it's getting closer to the end of the year.
(This is not financial advise, just my own views.)
Cheers