After a buyer run and significant breach of seller zones, we have some signs of buyer exhaustion setting in This is partly due to 4hr and daily time frame sellers causing this resistance levels. The strength of the current run though is strong and in the larger context valid. A retracement will present a good opportunity to profit on a Risk Reward of 3.
Im looking to buy the dip and enter long once roughly where noted on the chart.
Watch candles for your entry carefully
Im looking to buy the dip and enter long once roughly where noted on the chart.
Watch candles for your entry carefully
Comment:
Entry is developing nicely, looking to buy on this dip 1.18550 range