Fridays Candle ended the week as a Spinning Top, coupled with testing the 0.236 Fibonacci Level i am expecting downside. The close of Fridays daily candle broke and closed below a strong Trend line and was also a bearish engulfing given more confidence to further downside.
Breaking this down on the 4hr time frame i will be looking to enter into a sell position if the candle closes below the 4hr support level of 1.26635.
However lots of High Impact USD news this week so will be actively managing.
Breaking this down on the 4hr time frame i will be looking to enter into a sell position if the candle closes below the 4hr support level of 1.26635.
However lots of High Impact USD news this week so will be actively managing.
Order cancelled:
This order failed to Trigger. Market is now bullish.
Expecting a retest of the trendline before dropping to our original TP area.
Expecting a retest of the trendline before dropping to our original TP area.
