Lets not forget underlying trend !! market is in a correction face.
Price action comfirmation, but beware of the stop hunt before going to the downside.
long positions might be exhausted , they losing steam. but lets be careful and observe.
Completed head and shoulders, i am anticipating a pull to the up side
Market has broke the monthly trendline (resistance) , on the daily it has also made a retest . still watching what happens in his zone
i will be looking to buy on this pair until my conditions are met.
Forex is 99% waiting, and 1% trading , Risk management, patience and discipline.
Price broke weekly resistance on the daily and created a head and shoulders on the 4HR, Price has also broke the neckline and now showing possible retest. will have to watch how price behaves around this area.
Head an d shoulders pattern in formation , price might break neckline or retrace to the underlying daily resistance . lets wait and see
currently selling pressure is slowing down around key support zone + trend line , we might see a break out to the upside, but we have to wait for the entry. watching how price behaves.
we might be able to buy on the pullback to the upside , need to apply price action to catch the correction..
we have resistance on the 4Hr which might push price lower...