Daily Confirmation:
Yesterday candle stick closure failed to
break 135.00 Price where sellers have
continued to hold and push the market
back down 6 times on the D tf frame price
has been rejected 50Ma is still over 20MA
confirming over all bias is still to the down side
4 Hour
Market is still very bullish
If price can break 132.250 and give a retest i will look for a small intra day trade/finding my entry
on the 1 hour or 30 min time frame
1 Hour TF
Marktet is still bullish but
if we can close below this new support
area and give a retest, break this previous
higher low creating new downside momentum
i will wait for a pull back to test this support which will become new resistance for a nice intra day trade
hopefully during the london or crossover session
tonight
Yesterday candle stick closure failed to
break 135.00 Price where sellers have
continued to hold and push the market
back down 6 times on the D tf frame price
has been rejected 50Ma is still over 20MA
confirming over all bias is still to the down side
4 Hour
Market is still very bullish
If price can break 132.250 and give a retest i will look for a small intra day trade/finding my entry
on the 1 hour or 30 min time frame
1 Hour TF
Marktet is still bullish but
if we can close below this new support
area and give a retest, break this previous
higher low creating new downside momentum
i will wait for a pull back to test this support which will become new resistance for a nice intra day trade
hopefully during the london or crossover session
tonight