GJ not looking too clear to me, we have a second bounce of the ascending daily TL which so far we havent closed below. on the 4hr we can rejected off of the trendline and printed 2 small bullish candle, if we can close above the EMA we could see a buy opportunity. on the hourly we can see a rejection off of the 20 EMA, again, if we can rise above this i will look...
rejecting the daily descending tl on the 4th tap, hourly we can see a rejection of the 50 EMA, 4hr we are nearing the 61.8 fib, if we can break this I will look to go short, if not expect a rejection to the TL and a possible short position to form.
We could see a retracement upto the support zone for a short opportunity. However, we are currently sat on the daily TL so we could see a further short to the daily support area if price can break this trend line.
Almost nice rejection of the daily TL, followed by retracement to the resistance area followed by a rejection. Currently consolidation around the support zone. Possible long back to the daily TL dependant on the reaction of the 4hr TL.