Bias: Short
Market Cycle: Possibly the beginning of phase 1
I'm looking at 1.6170 for a potential break and retest..
You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears..
Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts..
Ideally the 1h OB reacts and buyers come into the market in order to give us our pullback before going short..
Let's see how it pans out..???
Market Cycle: Possibly the beginning of phase 1
I'm looking at 1.6170 for a potential break and retest..
You'll notice what looks like a 1h OB highlighted with a circle on the left, however when you move up to the 4h TF this OB disappears..
Therefore, if we get a break below 1.6170 followed by a SR & CC to the downside I will look for shorts..
Ideally the 1h OB reacts and buyers come into the market in order to give us our pullback before going short..
Let's see how it pans out..???