**Daily**: Uptrend has been spotted since the beginning of April. Minor inverted head and shoulder also formed during that time. MACD also showing more bullish momentum is being added. I expect a bullish momentum in the market.
**4H**: The market is ranging. The resistance at 1.990 area is still holding as a strong zone, but the current buildup power (aka consolidation) may push the price to break the strong structure in the future. The 1.950 ranging support area also in aligned with the fibo retracement from previous low to high. Thus, my bias is to expect a bullish break at 1.990 area.
**What to do now? - two situation**
- I am looking to buy at area 1.950 ranging support and expect a breakout. Thus, the current price movement have to be monitor closely especially during the london open.
- The second situation is to be careful of the 1.990 resistance zone since it may push the price lower to 1.8700 area to complete a complete head and shoulder pattern on daily tf.
I had been off for quite sometime because I was busy with other stuffs. Now, I am back and I will post more often! so, stay tune for that! Happy Trading guys!
**4H**: The market is ranging. The resistance at 1.990 area is still holding as a strong zone, but the current buildup power (aka consolidation) may push the price to break the strong structure in the future. The 1.950 ranging support area also in aligned with the fibo retracement from previous low to high. Thus, my bias is to expect a bullish break at 1.990 area.
**What to do now? - two situation**
- I am looking to buy at area 1.950 ranging support and expect a breakout. Thus, the current price movement have to be monitor closely especially during the london open.
- The second situation is to be careful of the 1.990 resistance zone since it may push the price lower to 1.8700 area to complete a complete head and shoulder pattern on daily tf.
I had been off for quite sometime because I was busy with other stuffs. Now, I am back and I will post more often! so, stay tune for that! Happy Trading guys!
Trade closed: target reached:
100% sniper trade!