The higher time frames show bullish trend however, last week was bearish so we need to wait and see where the market opens for confirmation of direction. Be aware of market manipulation with smart money taking out retail stops.
Higher time frames, Daily and Weekly still bearish so looking for price to drop further. Market will probably gap by quite a large amount on open so we need to wait and see what direction it takes. As always wait for confirmation.
Daily time frame is still showing an uptrend but obviously this is not guaranteed to continue.
Red lines are D1 Retail S+R lines and D1 trend lines
Yellow is H4 zones and H4 Retail S+R lines
Green is H1 Zones and H1 Retail S+R lines
Looking for possibly a retracement to the level below where price is currently before reversing back to the upside.
A break of...
Daily time frame is still showing an uptrend but obviously this is not guaranteed to continue.
Red lines are D1 Retail S+R lines and D1 trend lines
Yellow is H4 zones and H4 Retail S+R lines
Green is H1 Zones and H1 Retail S+R lines
Looking for possibly a retracement to the level below where price is currently before reversing back to the upside.
A break of the...
As always, await confirmation. Red Daily, Yellow H4, Green H1.
Currently at lower side of daily zone. Possible Short coming up. If not confirmed, lets see where it goes and take a trade upon confirmation.
Be aware of fundamentals due out imminently.
