What are information we can get from the latest price update in 4H and Daily chart:
1. Daily timeframe = Price already broke the major resistant trendline and made a pullback at 38% retracement level which located at the first minor support level
2. 4H timeframe = Price reject and spike from the 1st minor support level and probably heading down for a retracement
Idea for entry = Im waiting for the price at the 2nd minor support level which happen to be at 50% fibo level. The level also has been tested few times previously which seems to be significant area for the price to make pullback
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Daily timeframe = Price already broke the major resistant trendline and made a pullback at 38% retracement level which located at the first minor support level
2. 4H timeframe = Price reject and spike from the 1st minor support level and probably heading down for a retracement
Idea for entry = Im waiting for the price at the 2nd minor support level which happen to be at 50% fibo level. The level also has been tested few times previously which seems to be significant area for the price to make pullback
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension