-As you can see, bullish pressure on the daily chart is still high.
-The next resistance seems to be at 1.07500 area. from where we can start anticipating our next move depending on price action.
-We are currently holding at the 1.06800-1.06650 resistance zone which prevented further movement up on Friday close.
-With the strong bullish candle close of Friday, I anticipate that even though the weekly candle closed bearish, we could see price run up to maybe 1.07500 first to consume all the bullish pressure that came in in the last days of the previous week and maybe continue dropping from there.
-With that analysis being made, ill just have to wait for the market to open and see how price plays out and i can act accordingly.
-Regards. Please leave a like and share if you find this content helpful.
-The next resistance seems to be at 1.07500 area. from where we can start anticipating our next move depending on price action.
-We are currently holding at the 1.06800-1.06650 resistance zone which prevented further movement up on Friday close.
-With the strong bullish candle close of Friday, I anticipate that even though the weekly candle closed bearish, we could see price run up to maybe 1.07500 first to consume all the bullish pressure that came in in the last days of the previous week and maybe continue dropping from there.
-With that analysis being made, ill just have to wait for the market to open and see how price plays out and i can act accordingly.
-Regards. Please leave a like and share if you find this content helpful.
Comment:
-Could be a good trade.
-Could be a good trade.
-4H look out of the same