4AUG2023 1019AM FCPOV23 Current conditions is favor for buyer
4hour (higher timeframe)
4hour price by broad view, it is having uptrend. Currently, its pullback is a bit heavy and getting slightly overextended. This condition is favor for buyer.
15min (main timeframe)
Initially, price is falling heavily, but falling price is slowing down in the later event, indicate that seller is losing steam.
Summary - Overall situation is more toward bullish. 3803 is the key level to watch, but I need key price action happen there, I expects price reject strongly there, and look for setup.
If price burst up strongly to 3900 during market open at 1030am, I think my bullish bias is reset.
If price burst down strongly to 3780, my bullish bias is reset too.
4hour price by broad view, it is having uptrend. Currently, its pullback is a bit heavy and getting slightly overextended. This condition is favor for buyer.
15min (main timeframe)
Initially, price is falling heavily, but falling price is slowing down in the later event, indicate that seller is losing steam.
Summary - Overall situation is more toward bullish. 3803 is the key level to watch, but I need key price action happen there, I expects price reject strongly there, and look for setup.
If price burst up strongly to 3900 during market open at 1030am, I think my bullish bias is reset.
If price burst down strongly to 3780, my bullish bias is reset too.
Comment:
Another key level to watch is 3848