Weekly
- Price closed above 38500 region
- More upward momentum is expected
Daily
- Daily targets at -27.2 region at 38950
- Looking for a region to enter
4 H
- Price retested 38750 which is a major liquidity region
- However momentum is showing that orders are not enough
- I am expecting another test of 38750 before I buy to 38950
- However, on the hourly, price seems to be edging to the upside. In my opinion, it is waiting for one of either the London or New York session to go to the upside or go and collect orders at 38750
Thesis
- I am sitting on my hands and waiting for a buy opportunity
- Price closed above 38500 region
- More upward momentum is expected
Daily
- Daily targets at -27.2 region at 38950
- Looking for a region to enter
4 H
- Price retested 38750 which is a major liquidity region
- However momentum is showing that orders are not enough
- I am expecting another test of 38750 before I buy to 38950
- However, on the hourly, price seems to be edging to the upside. In my opinion, it is waiting for one of either the London or New York session to go to the upside or go and collect orders at 38750
Thesis
- I am sitting on my hands and waiting for a buy opportunity