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Waiting for price to break 115.08 level to see a continuation of the down trend to the next weekly support, sentiment in confluence with candle stick pattern from multi time frames and new lower lows being formed on a daily with a descending triangle also forming.
Stop 115.26 (-18 pips)
TP 114.34 (+74 Pips)
Price trading below resistance, a open below it could see a drop back down with the right liquidity during US opening.
Price trading right above daily support, anticipating a up trend if 4hr candle closes above.
Price trading right below weekly resistance, if we fail to see a break of a 4hour candle above 114.859, we could be anticipating a bearish movement.
Price trading below weekly resistance, if it fails to open above we could be looking at a bearish trend before a rise to monthly resistance at a later stage.
Price trading below weekly resistance, looking for a open below 1.73711 for a bearish sentiment.
- Price trading above weekly support
- consolidation within monthly s&r
- bullish sentiment
Previously shorted this market on the resistance level, attempting to ride it back up to 0.75225.
Price trading below hourly resistance, if we see a open below 0.7524 , anticipating a bearish move.
Price trading below daily resistance, latest hourly candle opened below 0.7048 level. Anticipating down trend.
Price trading below resistance, anticipating a downtrend.